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We investigate the welfare effect of increasing competition in an anonymous two-sided matching market, where matched … pairs play an infinitely repeated Prisoner's Dilemma. Higher matching efficiency is usually considered detrimental as it … creates stronger incentives for defection. We point out, however, that a reduction in matching frictions also increases …
Persistent link: https://www.econbiz.de/10013331070
We investigate the welfare effect of increasing competition in an anonymous two-sided matching market, where matched … pairs play an infinitely repeated Prisoner's Dilemma. Higher matching efficiency is usually considered detrimental as it … creates stronger incentives for defection. We point out, however, that a reduction in matching frictions also increases …
Persistent link: https://www.econbiz.de/10014458804
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Despite the truthful dominant strategy, participants in strategy-proof me- chanisms submit manipulated preferences. In our model, participants dislike rejections and enjoy the confirmation from getting what they declared most desirable. Formally, the payoff from a match decreases in its position...
Persistent link: https://www.econbiz.de/10012648382
This paper analyzes fairness and bargaining in a dynamic bilateral matching market. Traders from both sides of the …
Persistent link: https://www.econbiz.de/10012587476
Persistent link: https://www.econbiz.de/10013272108
This paper analyzes fairness and bargaining in a dynamic bilateral matching market. Traders from both sides of the …
Persistent link: https://www.econbiz.de/10012648091
Persistent link: https://www.econbiz.de/10011771466