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We formulate a notion of stable outcomes in matching problems with one-sided asymmetric information. The key conceptual …
Persistent link: https://www.econbiz.de/10013098363
We formulate a notion of stable outcomes in matching problems with one-sided asymmetric information. The key conceptual …
Persistent link: https://www.econbiz.de/10013080181
A large literature uses matching models to analyze markets with two-sided heterogeneity, studying problems such as the … matching of students to schools, residents to hospitals, husbands to wives, and workers to firms. The analysis typically … assumes that the agents have complete information, and examines core outcomes. We formulate a notion of stable outcomes in …
Persistent link: https://www.econbiz.de/10013101438
make investments before matching in a competitive market. We introduce the notion of premuneration values - the values to …
Persistent link: https://www.econbiz.de/10013135445
surplus in the absence of interagent transfers. Most of the work in the large bargaining-and matching literature ignores this …
Persistent link: https://www.econbiz.de/10013109179
We analyze a model in which agents make investments and then match into pairs to create a surplus. The agents can make transfers to reallocate their pretransfer ownership claims on the surplus. Mailath, Postlewaite, and Samuelson (2013) showed that when investments are unobservable, equilibrium...
Persistent link: https://www.econbiz.de/10013074370
Different markets are cleared by different types of prices --- a universal price for all buyers and sellers in some markets, seller-specific prices that are uniform across buyers in others, and personalized prices tailored to both the buyer and the seller in yet others. We introduce the notion...
Persistent link: https://www.econbiz.de/10013148527
This article gives a brief introduction to reputation effects. A canonical model is described, the reputation bound result of Fudenberg and Levine (1989 1992) and the temporary reputation result of Cripps, Mailath, and Samuelson (2004, 2007) are stated and discussed
Persistent link: https://www.econbiz.de/10014223232
We study perfect information games with an infinite horizon played by an arbitrary number of players. This class of games includes infinitely repeated perfect information games, repeated games with asynchronous moves, games with long and short run players, games with overlapping generations of...
Persistent link: https://www.econbiz.de/10013098365
We study perfect information games with an infinite horizon played by an arbitrary number of players. This class of games includes infinitely repeated perfect information games, repeated games with asynchronous moves, games with long and short run players, games with overlapping generations of...
Persistent link: https://www.econbiz.de/10014204654