Showing 1 - 10 of 96
We use the theory of abstract convexity to study adverse-selection principal-agent problems and two-sided matching … for stable outcomes featuring positive assortative matching in a matching model. …
Persistent link: https://www.econbiz.de/10010499578
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/10011599491
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
make investments before matching in a competitive market. We introduce the notion of premuneration values -- the values to …
Persistent link: https://www.econbiz.de/10013122231
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
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/10013101438
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
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/10013014257