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. This effect may make the market less efficient than random matching. We show that the rst best can be achieved using either …
Persistent link: https://www.econbiz.de/10010547464
Participants in a market, buyers and sellers, may need the service of an intermediary who will put them into contact and give them information about their potential trading partner. The intermediary chooses what price it will charge to each side to have access to its service. It also chooses...
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-sided matching model with non-transferable utility. Cole et al. (1992, 1995) show that, under full observability of potential mates …
Persistent link: https://www.econbiz.de/10011048605
. This effect may make the market less efficient than random matching. We show that the first best can be achieved using …
Persistent link: https://www.econbiz.de/10005788873
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