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This paper analyzes fairness and bargaining in a dynamic bilateral matching market. Traders from both sides of the market are pairwise matched to share the gains from trade. The bargaining outcome depends on the traders’ fairness attitudes. In equilibrium fairness matters because of market...
Persistent link: https://www.econbiz.de/10012587476
This paper analyzes fairness and bargaining in a dynamic bilateral matching market. Traders from both sides of the market are pairwise matched to share the gains from trade. The bargaining outcome depends on the traders’ fairness attitudes. In equilibrium fairness matters because of market...
Persistent link: https://www.econbiz.de/10012648091
Persistent link: https://www.econbiz.de/10013166736
opening of new institutions of tertiary education across Germany in the 1980s and 1990s. The new college substantially …
Persistent link: https://www.econbiz.de/10013282572
A recent literature emphasizes the importance of the gender gap in willingness to compete as a partial explanation for gender differences in labor market outcomes. However, whereas experiments investigating willingness to compete typically do so in anonymous environments, real world competitions...
Persistent link: https://www.econbiz.de/10011705210
A lack of transparency about policy performance can pose a major obstacle to welfare-enhancing policy competition …
Persistent link: https://www.econbiz.de/10014232734
A lack of transparency about policy performance can pose a major obstacle to welfare-enhancing policy competition …
Persistent link: https://www.econbiz.de/10014478411
The paper surveys the experimental literature on matching markets. It covers house allocation, school choice, and two-sided matching markets such as college admissions. The main focus of the survey is on truth-telling and strategic manipulations by the agents, on the stability and efficiency of...
Persistent link: https://www.econbiz.de/10012033568
Whether pro-social preferences identified in economic laboratories survive in natural market contexts is an important and contested issue. We investigate how fairness in a laboratory experiment framed explicitly as a market exchange relates to preferences for fair trade products before and after...
Persistent link: https://www.econbiz.de/10011895978
Matching markets can be unstable when individuals prefer to be matched to a partner who also wants to be matched with them. Through a pre-registered and theory-guided laboratory experiment, we provide evidence that such reciprocal preferences exist, significantly decrease stability in matching...
Persistent link: https://www.econbiz.de/10014476792