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Pricing and investments in matching markets
Mailath, George J.; Postlewaite, Andrew; Samuelson, Larry - In: Theoretical economics : TE ; an open access journal in … 8 (2013) 2, pp. 535-590
make investments before matching in a competitive market. We introduce the notion of premune-ation values—the values to the …
Persistent link: https://www.econbiz.de/10011686665
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Dynamics of information exchange in endogenous social networks
Acemoglu, Daron; Bimpikis, Kostas; Ozdaglar, Asuman E. - In: Theoretical economics : TE ; an open access journal in … 9 (2014) 1, pp. 41-97
We develop a model of information exchange through communication and investigate its implications for information aggregation in large societies. An \textit{underlying state} determines payoffs from different actions. Agents decide which others to form a costly \textit{communication link} with,...
Persistent link: https://www.econbiz.de/10011684965
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The loser's curse in the search for advice
Au, Pak Hung - In: Theoretical economics : TE ; an open access journal in … 14 (2019) 3, pp. 1015-1061
incurring a positive search cost, the agent can consult an expert, whose interest is partially aligned with him. There are … vanishing search cost. The main findings are as follows. First, there are signal structures with which both the agent's payoff …
Persistent link: https://www.econbiz.de/10012104605
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Attributes
Klabjan, Diego; Olszewski, Wojciech; Wolinsky, Asher - In: Games and Economic Behavior 88 (2014) C, pp. 190-206
A decision maker (DM) considers the acquisition of a multi-attribute object with uncertain qualities which can be discovered at a cost. DM's problem is to decide how much to invest in the discovery and whether to adopt or discard based on partial information. We characterize the solution in some...
Persistent link: https://www.econbiz.de/10011117130
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Pricing and Investments in Matching Markets
Mailath, George J. - 2011
make investments before matching in a competitive market. We introduce the notion of premuneration values -- the values to …
Persistent link: https://www.econbiz.de/10013122231
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Selling Cookies
Bergemann, Dirk - 2013
We analyze data pricing and targeted advertising. Advertisers seek to tailor their spending to the value of each consumer. A monopolistic data provider sells cookies -- informative signals about individual consumers' preferences. We characterize the set of consumers targeted by the advertisers...
Persistent link: https://www.econbiz.de/10013073446
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Selling Cookies
Bergemann, Dirk - 2014
We propose a model of data provision and data pricing. A single data provider controls a large database that contains information about the match value between individual consumers and individual firms (advertisers). Advertisers seek to tailor their spending to the individual match value. The...
Persistent link: https://www.econbiz.de/10013047747
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Pricing in Matching Markets
Mailath, George J. - 2010
Different markets are cleared by different types of prices - a universal price for all buyers and sellers in some markets, seller-specific prices that are uniform across buyers in others, and personalized prices tailored to both the buyer and the seller in yet others. We introduce the notion of...
Persistent link: https://www.econbiz.de/10013148518
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Selling Cookies
Bergemann, Dirk - 2014
We develop a model of data pricing and targeted advertising. A monopolistic data provider determines the price to access "cookies," i.e., informative signals about individual consumers' preferences. The demand for information is generated by advertisers who seek to tailor their spending to the...
Persistent link: https://www.econbiz.de/10013062477
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Matching information
Chade, Hector; Eeckhout, Jan - In: Theoretical economics : TE ; an open access journal in … 13 (2018) 1, pp. 377-414
study the assortative matching properties of the resulting assignment. The main insight is that in general it is optimal to … diversify the composition of the teams, ruling out positive assortative matching. This diversification leads to negative … assortative matching when teams consist of pairs of experts. And when experts' signals are conditionally independent, all teams …
Persistent link: https://www.econbiz.de/10011855895