Showing 1 - 10 of 166
meeting by one buyer reduces another buyer's meeting probability. Under price posting buyers reveal their type by sorting ex …
Persistent link: https://www.econbiz.de/10010745309
particular, this paper shows that when matching is assortative and sellers’ investments precede market competition then …
Persistent link: https://www.econbiz.de/10010928710
This paper presents a pairwise matching model with two-sided information asymmetry to analyse the impact of information … costs on endogenous network building and matching by information intermediaries. The framework innovates by examining the … matching technologies available to traders. Moreover, convexity in network-building costs is necessary for both direct and …
Persistent link: https://www.econbiz.de/10010745054
A two-sided, pair-wise matching model is developed to analyse the strategic interaction between two information …
Persistent link: https://www.econbiz.de/10010746133
Reduced- form tests of scale effects in markets with search, run when aggregate matching functions are estimated, may …
Persistent link: https://www.econbiz.de/10010746289
Reduced-form tests of scale effects in markets with search, based on aggregate matching functions, may miss important … higher post-unemployment wages but not faster matches, so aggregate matching functions are unaffected by scale. …
Persistent link: https://www.econbiz.de/10010746460
This paper introduces two complementary models of firm-specific training: an informational model and a productivity-enhancement model. In both models, market provision of firm-specific training is inefficient. However, the nature of the inefficiency depends on the balance between the two key...
Persistent link: https://www.econbiz.de/10010928723
Assortative Matching is positive or negative. Even though we cannot identify the sign of the sorting, we can identify the strength …Assortative Matching between workers and firms provides evidence of the complementarities or substitutes in production … worker is non-monotonic in the type of his employer. This is due to the fact that in a sorting model, wages re ect the …
Persistent link: https://www.econbiz.de/10010746670
In this paper I analyse the strategic interaction of decision makers and their advisers in a consultation process. I find that when agents are concerned about their reputation, consultation results in sub-optimal sharing of information; some decision makers may deliberately act unilaterally and...
Persistent link: https://www.econbiz.de/10010746684
I present a model of social learning over an exogenous, directed network that may be readily nested within broader macroeconomic models with dispersed information and combines the attributes that agents (a) act repeatedly and simultaneously; (b) are Bayes-rational; and (c) have strategic...
Persistent link: https://www.econbiz.de/10011126293