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demand and reduced working hours so as to stabilize workers’ income. In a matching framework such an arrangement increases …
Persistent link: https://www.econbiz.de/10012892292
We experimentally study decentralized one-to-one matching markets with transfers. We vary the information available to …
Persistent link: https://www.econbiz.de/10013250740
viability of stock-flow matching in generating the observed outcomes. The paper documents that the probability a house sells … housing slump sooner, faster, and more prominently than slower sales. The simulated stock-flow matching model can not only … the importance of stock-flow matching for understanding housing market dynamics …
Persistent link: https://www.econbiz.de/10014243085
This paper shows that imperfect information about school quality causes low-income families to live in neighborhoods with lower-performing, more segregated schools. We randomized the addition of school quality information onto a nationwide website of housing listings for families with housing...
Persistent link: https://www.econbiz.de/10012841926
We study how job seekers respond to wage announcements by assigning wages randomly to pairs of otherwise similar vacancies in a large number of professions. High wage vacancies attract more interest, in contrast with much of the evidence based on observational data. Some applicants only show...
Persistent link: https://www.econbiz.de/10012892270
stopping strategy. Guided by salience theory, we theoretically and experimentally analyze the implications of skewness …, and we verify that salience theory coherently explains skewness preferences revealed in static and dynamic decisions …. Based on these findings we conclude that the static salience model—unlike (static) cumulative prospect theory—can be …
Persistent link: https://www.econbiz.de/10012824830
Persistent link: https://www.econbiz.de/10012866400
Increased competition tends to benefit all buyers with increasing product variety and decreasing prices. However, if local and external market channels compete for the same class of products, increased competition from the external market crowds out local variety. Under local monopoly, local...
Persistent link: https://www.econbiz.de/10012867876
We study optimal employment contracts for present-biased employees who can conduct on-the-job search. Presuming that firms cannot offer long-term contracts, we find that individuals who are naive about their present bias will actually be better off than sophisticated or time-consistent...
Persistent link: https://www.econbiz.de/10012871758
The literature offers two foundations for competitive search equilibrium, a Nash approach and a market-maker approach. When each buyer visits only one seller (or each worker makes only one job application), the two approaches are equivalent. However, when each buyer visits multiple sellers, this...
Persistent link: https://www.econbiz.de/10013220133