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some (arbitrarily chosen) quality threshold. In order to implement this regime, no more information needs to be verifiable …
Persistent link: https://www.econbiz.de/10003850654
the case the principal may be unable to fine-tune incentives. Strategic ignorance of information by the principal, however …
Persistent link: https://www.econbiz.de/10003782366
Steady state equilibria in heterogeneous agent matching models with search frictions have been shown to exist in Shimer … investigated linear search technology. -- Search ; Matching ; Steady State Equilibrium …
Persistent link: https://www.econbiz.de/10003850642
. Complete information equilibrium outcomes are shown to be characterized by a \emph{stability} condition that is adapted to the … \emph{institutional constraints} of the German system. I introduce \emph{matching problems with complex constraints} and the … matching mechanism that is strategyproof for students. n the context of the German admissions problem, this mechanism weakly …
Persistent link: https://www.econbiz.de/10009748077
Ostrovsky [10] develops a theory of stability for a model of matching in exogenously given networks. For this model a …
Persistent link: https://www.econbiz.de/10003950989
In public procurement a temporal separation of award and actual contracting can frequently be observed. In this paper we give an explanation for this institutional setting. For incomplete procurement contracts we show that such a separation may increase efficiency. We show that efficiency can be...
Persistent link: https://www.econbiz.de/10011539673
's quality and signal. We identify circumstances in which a signaling equilibrium would require high-quality males to send … for the former. This causes females to shun males who send large signals, ensuring that there is no signaling equilibrium. …
Persistent link: https://www.econbiz.de/10011539707
Persistent link: https://www.econbiz.de/10001825744
Persistent link: https://www.econbiz.de/10001825757
We show that a set of outcomes outside the convex hull of Nash equilibria can be asymptotically stable with respect to convex monotonic evolutionary dynamics. Boundedly rational agents receive signals and condition the choice of strategies on the signals. A set of conditional strategies is...
Persistent link: https://www.econbiz.de/10003782353