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Adjusting prices in the many-to-many assignment game
Sotomayor, Marilda - 2008
Starting with an initial price vector, prices are adjusted in order to eliminate the demand excess and at the same time to keep the transfers to the sellers as low as possible. In each step of the auction, to which sellers should those transfers be made (minimal overdemanded sets) is the key...
Persistent link: https://www.econbiz.de/10010284074
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Random and stock-flow models of labour market matching: Swedish evidence
Forslund, Anders; Johansson, Kerstin - 2007
In this paper we estimate aggregate matching functions taking advantage of a rich data base that enables us to compute … observations on the variables in the matching function at (virtually) any frequency to assess the importance of the time … aggregation problem. We also generate stocks, outflows and inflows of vacancies and job seekers to shed light on the importance of …
Persistent link: https://www.econbiz.de/10010317924
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Efficient dynamic matching with costly search
Atakan, Alp E. - 2010
This paper considers a frictional market where buyers and sellers, with unit demand and supply, search for trading opportunities. The analysis focuses on explicit search frictions, allows for two-sided incomplete information, and puts no restriction on agent heterogeneity. In this context, a...
Persistent link: https://www.econbiz.de/10010273653
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Competitive equilibria in decentralized matching with incomplete information
Atakan, Alp E. - 2010
This paper shows that all perfect Bayesian equilibria of a dynamic matching game with two-sided incomplete information …
Persistent link: https://www.econbiz.de/10010273660
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A note on instability and indeterminacy in search and matching models
Krause, Michael U.; Lubik, Thomas A. - 2004
model with search and matching frictions in the labor market. Our results arise for empirically plausible parametrizations …
Persistent link: https://www.econbiz.de/10010293499
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The Pareto-stability concept is a natural solution concept for discrete matching markets with indifferences
Sotomayor, Marilda - 2008
structure of a matching. This paper argues that, under indifferences, also weak blockings should be considered when these …
Persistent link: https://www.econbiz.de/10010284048
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Modelling firm mergers as a roommate problem
Angelov, Nikolay - 2006
We propose a way to model firm mergers using a matching game known as the roommate problem, whereby firms are assumed … indices used in standard discrete-choice models. Given all firms' preferences, game-theoretic mechanisms lead to a matching …
Persistent link: https://www.econbiz.de/10010321524
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The optimal level of technical copyright protection:A game-theoretic approach
Ünlü, Vural; Hess, Thomas - Institut für Wirtschaftsinformatik und Neue Medien … - 2003
Immaterial information products (“content”) can be represented in digital form, which is anadvantage but also a source of problems. It is fundamentally impossible to prevent copyingof digital data, which is just a stream of bits – ones and zeros: Once you can read it, you cancopy it. With...
Persistent link: https://www.econbiz.de/10005868877
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Nash Competive Equilibria and Two Period Fund Separation
Hens, Thorsten; Reimann, Stefan; Vogt, Bodo - Institut für Schweizerisches Bankwesen <Zürich>; … - 2004
We suggest a simple asset market model in which we analyze competitive and strategic behavior simultaneously. If two-fund separation is found to hold across periods for competitive behavior, it also holds for strategic behavior. In this case the relative prices of the assets do not depend on...
Persistent link: https://www.econbiz.de/10005858107
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Games and Prospects
Rieger, Marc Oliver - Institut für Schweizerisches Bankwesen <Zürich> - 2006
We study how the framework of classical game theory changes when the preferences of the players are described by Prospect Theory instead of Expected Utility Theory. Specifically, we study the influence of framing effect and probability weighting on the existence and specific structure of Nash...
Persistent link: https://www.econbiz.de/10005858351