Similar Search Results

Schwarz, Michael - 2010

We define the median stable matching for two-sided matching markets with side payments and prove constructively that it …

Persistent link: https://www.econbiz.de/10012757924

Marriage Institutions and Sibling Competition : Evidence from South Asia

Vogl, Tom - 2012

Using data from South Asia, this paper examines how arranged marriage cultivates rivalry among sisters. During marriage … search, parents with multiple daughters reduce the reservation quality for an older daughter's groom, rushing her marriage to …'s marriage risk; relative to younger singleton sisters, younger twin sisters have the same effect. These effects intensify in …

Persistent link: https://www.econbiz.de/10013101815

Computing Markov Perfect Nash Equilibria : Numerical Implications of a Dynamic Differentiated Product Model

Pakes, Ariel; MacGuire, Paul - 2021

This paper provides an algorithm for computing Markov Perfect Nash Equilibria (Maskin and Tirole, 1988a and b) for dynamic models that allow for heterogeneity among firms and idiosyncratic (or firm specific) sources of uncertainty. It has two purposes. To illustrate the ability of such models to...

Persistent link: https://www.econbiz.de/10013230623

Influencing Connected Legislators

Battaglini, Marco - 2016

This paper studies how interest groups allocate campaign contributions when congressmen are connected by social ties. We establish conditions for the existence of a unique Nash equilibrium in pure strategies for the contribution game and characterize the associated allocation of the interest...

Persistent link: https://www.econbiz.de/10012981101

Search and Rest Unemployment

Alvarez, Fernando - 2010

This paper extends Lucas and Prescott's (1974) search model to develop a notion of rest unemployment. The economy consists of a continuum of labor markets, each of which produces a heterogeneous good. There is a constant returns to scale production technology in each labor market, but labor...

Persistent link: https://www.econbiz.de/10012759557

Policy Analysis in a Matching Model with Intensive and Extensive Margins

Fang, Lei - 2010

population ratios and hours per worker. We imbed the canonical model of labor supply into a standard matching model to produce a …

Persistent link: https://www.econbiz.de/10012760222

Implications of Search Frictions : Matching Aggregate and Establishment-Level Observations

Cooper, Russell W. - 2013

This paper studies hours, employment, vacancies and unemployment at micro and macro levels. It is built around a set of facts concerning the variability of unemployment and vacancies in the aggregate and, at the establishment level, the distribution of net employment growth and the comovement of...

Persistent link: https://www.econbiz.de/10012753918

Structural and Cyclical Forces in the Labor Market During the Great Recession : Cross-Country Evidence

Sala, Luca - 2012

We use an estimated monetary business cycle model with search and matching frictions in the labor market and nominal … factors and reduced efficiency in labor market matching were largely responsible for the experience in the U.S. Financial … factors were also important in the U.K., but less so in Sweden and Germany. Reduced matching efficiency was considerably less …

Persistent link: https://www.econbiz.de/10013099824

Wage Dispersion in the Search and Matching Model with Intra-Firm Bargaining

Mortensen, Dale - 2010

facts can be explained by a search and matching model when firms are heterogenous with respect to productivity, are composed …

Persistent link: https://www.econbiz.de/10013152592

Information Percolation in Segmented Markets

Duffie, Darrell - 2011

We calculate equilibria of dynamic double-auction markets in which agents are distinguished by their preferences and information. Over time, agents are privately informed by bids and offers. Investors are segmented into groups that differ with respect to characteristics determining information...

Persistent link: https://www.econbiz.de/10013121588