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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
make investments before matching in a competitive market. We introduce the notion of premuneration values—the values to the …
Persistent link: https://www.econbiz.de/10011019204
make investments before matching in a competitive market. We introduce the notion of premuneration values -- the values to …
Persistent link: https://www.econbiz.de/10009221543
make investments before matching in a competitive market. We introduce the notion of premuneration values---the values to …
Persistent link: https://www.econbiz.de/10008751337
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 … matching problems with one-sided asymmetric information. The key conceptual problem is to formulate a notion of a blocking pair …
Persistent link: https://www.econbiz.de/10010686932
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/10010700277
We formulate a notion of stable outcomes in matching problems with one-sided asymmetric information. The key conceptual …
Persistent link: https://www.econbiz.de/10010587848
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 … matching problems with one-sided asymmetric information. The key conceptual problem is to formulate a notion of a blocking pair …
Persistent link: https://www.econbiz.de/10010568127
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/10010822874
make investments before matching in a competitive market. We introduce the notion of premuneration values—the values to the …
Persistent link: https://www.econbiz.de/10011599491