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contribute, on average, 20% of the total merger value added. Moreover, we find that multimarket efficiency gains dominate …
Persistent link: https://www.econbiz.de/10011549386
/woman-pair can deviate profitably. We find a set of sufficient conditions under which a stable matching equilibrium exists. We …
Persistent link: https://www.econbiz.de/10010189829
model the principal-agent economy as a two-sided matching game and characterise the set of stable outcomes of this principal …-agent matching market. A simple mechanism to implement the set of stable outcomes is proposed. Finally, we put forward examples of …
Persistent link: https://www.econbiz.de/10011507906
This paper studies equilibrium unemployment in a two-region economy with matching frictions, where workers and jobs are …. Search-matching externalities are amplified by the latter possibility and by the fact that some workers can simultaneously … receive a job offer from each region. The rest of the framework builds upon Moretti (2011). Increasing the matching …
Persistent link: https://www.econbiz.de/10010515473
How the internet affects job matching is not well understood due to a lack of data on job vacancies and quasi …
Persistent link: https://www.econbiz.de/10012156373
We develop a two-sided matching model to analyze collaboration between heterogeneous academics and firms. We predict a … positive assortative matching in terms of both scientific ability and affinity for type of research, but negative assortative …
Persistent link: https://www.econbiz.de/10009772922
When providing public goods through voluntary contributions, a donor may introduce unilateral matching in order to … reduce underprovision of the public good and thus inefficiency. By itself, however, matching benefits the donor but harms the …
Persistent link: https://www.econbiz.de/10010371914
We experimentally study decentralized one-to-one matching markets with transfers. We vary the information available to … transfers. Second, incomplete information and submodularity present hurdles to efficiency and especially stability; their …
Persistent link: https://www.econbiz.de/10012415563
Evidence suggests that participants in direct student-proposing deferred-acceptance mechanisms (DA) play dominated strategies. To explain the data, we introduce expectation-based loss aversion into a school-choice setting and characterize choice-acclimating personal equilibria in DA. We find...
Persistent link: https://www.econbiz.de/10012698801
The process of matching between firms and workers is an important mechanism in determining the distribution of wages … association of firm-worker matches known as positive assortative matching (PAM). Immigration in a local labor market, by … that the increased degree of positive assortative matching is mainly reached by high-productive firms "losing" lower …
Persistent link: https://www.econbiz.de/10012194409