Showing 1 - 10 of 46
make investments before matching in a competitive market. We introduce the notion of premune-ation values—the values to the …
Persistent link: https://www.econbiz.de/10011686665
This paper studies market clearing in matching markets. The model is non-cooperative, fully decentralized, and in …
Persistent link: https://www.econbiz.de/10012020318
incurring a positive search cost, the agent can consult an expert, whose interest is partially aligned with him. There are … vanishing search cost. The main findings are as follows. First, there are signal structures with which both the agent's payoff …
Persistent link: https://www.econbiz.de/10012104605
We develop a model of information exchange through communication and investigate its implications for information aggregation in large societies. An \textit{underlying state} determines payoffs from different actions. Agents decide which others to form a costly \textit{communication link} with,...
Persistent link: https://www.econbiz.de/10011684965
analyze every alternative. To capture these situations, we formulate a framework to study behavioral search by utilizing the … idea of consideration sets. Consumers engage in a dynamic search process. At each stage, they consider only those options … identify both search paths and preferences. …
Persistent link: https://www.econbiz.de/10011685228
We present a generalization of the standard random-search model of unemployment in which firms hire multiple workers …
Persistent link: https://www.econbiz.de/10011674212
This paper formulates equilibrium concepts in the large (non atomic) household model under the team notion, characterizes a class of equilibrium allocations, explores whether an equilibrium allocation in the large-household model is a limit of equilibrium allocations in the finite-household...
Persistent link: https://www.econbiz.de/10011700383
We consider the pricing problem of a platform that matches heterogeneous agents using match‐contingent fees. Absent prices, agents on the short side of such markets capture relatively greater surplus than those on the long side (Ashlagi et al. 2017). Nevertheless we show that the platform need...
Persistent link: https://www.econbiz.de/10012806283
We show that the class of preferences satisfying the Gross Substitutes condition of Kelso and Crawford (1982) is strictly larger than the class of Endowed Assignment Valuations of Hatfield and Milgrom (2005), thus resolving the open question posed by the latter paper. In particular, our result...
Persistent link: https://www.econbiz.de/10011673201
This paper develops a framework for studying repeated matching markets. The model departs from the Gale …–Shapley matching model by having a fixed set of long-lived players (firms) match with a new generation of short-lived players (workers …) in every period. I define history-dependent and self-enforcing matching processes in this repeated matching environment …
Persistent link: https://www.econbiz.de/10014440097