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This paper shows that all perfect Bayesian equilibria of a dynamic matching game with two-sided incomplete information … private information. Agents engage in costly search and meet randomly. The terms of trade are determined through bilateral ….e., as discounting and the fixed cost of search become small, all equilibria of the market game converge to perfectly …
Persistent link: https://www.econbiz.de/10010266300
Weitzman's search model requires that, conditional on stopping, the agent only takes boxes which have already been … common in the search and information acquisition literature, boxes are inspected following the same order as inWeitzman …
Persistent link: https://www.econbiz.de/10010352859
We study the steady state of a market with incoming cohorts of buyers and sellers who are matched pairwise and bargain under private information. We first consider generalized random-proposer take-it-or-leave-it offer games (GRP TIOLI games). This class of games includes a simple random-proposer...
Persistent link: https://www.econbiz.de/10010266316
In a two-sided search market agents are paired to bargain over a unit surplus. The matching market serves as an …
Persistent link: https://www.econbiz.de/10010282941
from the firm having the vacant position, the less likely it is that the candidate is chosen. The search may also involve … foundations of the search process are presented. An empirical application to a board interlock network demonstrates that the model …
Persistent link: https://www.econbiz.de/10012503069
Matching markets can be unstable when individuals prefer to be matched to a partner who also wants to be matched with … preferences exist, significantly decrease stability in matching markets, and are driven both by belief-based and preference …
Persistent link: https://www.econbiz.de/10014476792
paper, we introduce and formalize reciprocal preferences, apply them to matching markets, and analyze the implications for … acceptance mechanism can achieve stability. These results provide insights into non-standard preferences in matching markets, and …
Persistent link: https://www.econbiz.de/10014478421
paper, we introduce and formalize reciprocal preferences, apply them to matching markets, and analyze the implications for … acceptance mechanism can achieve stability. These results provide insights into non-standard preferences in matching markets, and …
Persistent link: https://www.econbiz.de/10014467722
Matching markets can be unstable when individuals prefer to be matched to a partner who also wants to be matched with … preferences exist, significantly decrease stability in matching markets, and are driven both by belief-based and preference …
Persistent link: https://www.econbiz.de/10014467870
We study the existence of pure strategy Nash equilibria in finite congestion and coordination games. Player set is divided into two disjoint groups, called men and women. A man choosing an action a is better off if the number of other men choosing a decreases, or if the number of women choosing...
Persistent link: https://www.econbiz.de/10012502982