Showing 1 - 10 of 59
We propose a dynamic model of decentralized many-to-one matching in the context of a competitive labor market. Through …
Persistent link: https://www.econbiz.de/10011453256
Why do some incomplete information markets feature intermediaries while others do not? I study the allocation of two goods in an incomplete information setting with a single principal, multiple agents with unit demand, and interdependent valuations. I construct a novel dynamic mechanism...
Persistent link: https://www.econbiz.de/10014418049
We propose a dynamic model of decentralized many-to-one matching in the context of a competitive labor market. Through …
Persistent link: https://www.econbiz.de/10011709879
In this paper, we use a two-period one-to-one matching model with incomplete information to examine the effect of … whether to stay married or to unilaterally divorce. We show that, for any society, there exist matching environments where the … probability of the marital dissolution does not reduce divorce costs under gender-optimal matching rules. In such environments, an …
Persistent link: https://www.econbiz.de/10009754874
The Stable Fixtures problem (Irving and Scott (2007)) is a generalized matching model that nests the well-known Stable … sufficient to ensure that starting from an arbitrary matching, a decentralized process of allowing the sequential matching of … randomly chosen blocking pairs will converge to a pairwise-stable matching with probability one. Strategic implications of this …
Persistent link: https://www.econbiz.de/10012167988
-sided matching, in which principals and agents choose between exclusive and nonexclusive contracts with cost-of-effort inefficiencies …
Persistent link: https://www.econbiz.de/10014636236
Experimental and empirical evidence shows that the utility an individual derives from a certain state depends on the reference state she compares it to. According to economic theory, the reference state is determined by past, present and future outcomes of either the individual herself or her...
Persistent link: https://www.econbiz.de/10009751388
A model is developed for two players exerting media manipulation efforts to support each of two actors who interact …
Persistent link: https://www.econbiz.de/10012167778
In this paper, we investigate optimal delegation mechanisms in the presence of countervailing conflicts of interest in the context of principal-agent problems. We introduce two dimensions of conflict of interest-pandering incentives related to the outside option and project biases. We compare...
Persistent link: https://www.econbiz.de/10014443303
Under the 'new normal' in the labor market, individuals can work remotely or in person, a hybrid work mode that became ubiquitous during the pandemic. This paper studies the efficiency of decentralized leadership in federations in which hybrid work is the modus operandi. Self-interested regional...
Persistent link: https://www.econbiz.de/10014422292