Showing 1 - 10 of 1,528
the efficient matching of workers to firms. This mechanism can be thought of as operated by a recruitment agency, an …
Persistent link: https://www.econbiz.de/10005739652
benefit payments compared to the wage earned in available jobs - labour supply and matching - a theoretical approach to …
Persistent link: https://www.econbiz.de/10008622251
optimal for the seller to do away with any matching considerations and allocate the contract on the basis of price alone. If … matching is sufficiently important to the seller, the optimal mechanism may be implemented without commitment. However, if … matching is not sufficiently important, the seller suffers a loss when he is unable to commit. The magnitude of this loss …
Persistent link: https://www.econbiz.de/10008490104
In many auctions, matching between the bidder and seller raises the value of the contract for both parties. However … depresses bids. The more matching matters, the greater the penalty associated with observing the matches. …
Persistent link: https://www.econbiz.de/10008532170
courses and courses have implicit preferences for students. This formulates a many-to-many matching problem. We show the …
Persistent link: https://www.econbiz.de/10011107943
. We extend the model, allowing for different prior beliefs about the value of the object, arguing that a complementarity … to trade: a matching market with a fixed price or a haggling market. Our model also provides a testable difference …
Persistent link: https://www.econbiz.de/10008472248
This paper presents a new characterization result for competitive allocations in quasilinear economies. This result is informed by the analysis of non-cooperative dynamic search and bargaining games. Such games provide models of decentralized markets with trading frictions. A central objective...
Persistent link: https://www.econbiz.de/10009147692
In the paper, we simulate a heterogeneous-agent version of the wage-posting model as derived by Montgomery (1991) with homogeneous workers and differently-productive employers. Wage policy of particular employer is positively correlated with employer’s productivity level and the wage policy of...
Persistent link: https://www.econbiz.de/10005078644
We present an equilibrium search model of competing mechanisms where some buyers are budget constrained. Absent budget constraints, the existing literature capitulates that if buyers differ in their valuations then in the unique equilibrium all sellers hold second price auctions (e.g. McAfee...
Persistent link: https://www.econbiz.de/10009647209
The paper discusses opportunities to utilize the series of micro-blogs as provided by the Twitter in observation of opinion dynamics. The spontaneity of tweets is more, as the service is attached more to the mobile communications. The extraction of information in the series of tweets is...
Persistent link: https://www.econbiz.de/10008695068