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Halko, Marja-Liisa; Salonen, Hannu - 2008

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

Coordination in the Labor Market

Halko, Marja-Liisa; Virrankoski, Juha - 2011

We solve the equilibrium market structure in a labor market where vacancies and unemployed workers can meet either in an intermediated market where wages are determined by take-it-orleave- it offers, or in a directed search market where firms post wages. By using an intermediary agents avoid the...

Persistent link: https://www.econbiz.de/10012503018

Mutually Best Matches

Salonen, Hannu; Salonen, Mikko A.A. - 2016

individually rational matching, the matching has many good properties like Pareto optimality and stability. If preferences satisfy … matching. These properties guarantee also that the student proposing Deferred Acceptance algorithm (DA) and the Top Trading … Cycles algorithm (TTC) produce the same matching as IMB. We compare these results with some well-known results about when DA …

Persistent link: https://www.econbiz.de/10012503062

A Cluster and a Search Market CanCoexist

Virrankoski, Juha - 2019

I examine a rational expectations model of buyers and capacity con-strained sellers, where traders can choose between a cluster and a searchmarket. Sellers choose a market and post a price, and then buyerschoose which market to visit. There is a pure strategy equilibriumwhere all agents are in...

Persistent link: https://www.econbiz.de/10012503081