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that have different degrees of overconfidence. The channel through which the matching occurs is the share of bonus payments … to an assortative matching between overconfident managers and banks with a larger bailout probability. We then test the …
Persistent link: https://www.econbiz.de/10015065269
their match. We study two prevalent approaches for matching within organizations: Centralized assignment by firm leaders and …
Persistent link: https://www.econbiz.de/10014534059
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
Agents in a finite two-sided market are matched assortatively, based on costly investments. Besides signaling private, complementary types, investments generate direct benefits for partners. We explore quantitative properties of the equilibrium investment behavior. The bilateral external...
Persistent link: https://www.econbiz.de/10011778702
We experimentally study decentralized one-to-one matching markets with transfers. We vary the information available to …
Persistent link: https://www.econbiz.de/10012415563
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
equilibrium trade model. Firms search for suppliers and buyers across locations subject to matching frictions, generating a … and matching. We calibrate our multi-sector model to Chilean domestic and international firm-to-firm trade data and show …
Persistent link: https://www.econbiz.de/10015394147
We study marital sorting on academic qualifications and latent ability in an equilibrium marriage market model using the 1972 UK Raising of the School-Leaving Age (RoSLA) legislation as a natural experiment that induced a sudden, large shift in the distribution of academic qualifications in...
Persistent link: https://www.econbiz.de/10011990019
Matching mechanisms are regarded as an important instrument to bring about Pareto optimal allocations in a public good … interior matching equilibrium, however, emerges only under very special conditions. But we show in this note that corner … results by a simple numerical example. -- public goods ; matching ; Pareto optimality …
Persistent link: https://www.econbiz.de/10009011305
networks. We propose an "elementary" model for production networks based on random matching and firm heterogeneity and …
Persistent link: https://www.econbiz.de/10013380905