We experimentally study decentralized one-to-one matching markets with transfers. We vary the information available to …

make investments before matching in a competitive market. We introduce the notion of premune-ation values—the values to the …

. Equilibrium investments and the equilibrium matching will be efficient if agents can simultaneously negotiate investments and … matches, but we focus on markets in which agents must first sink their investments before matching. Additional equilibria may … arise in this sunk-investment setting, even though our matching market is competitive. These equilibria exhibit …

make investments before matching in a competitive market. We introduce the notion of premuneration values—the values to the …

We experimentally study decentralized one-to-one matching markets with transfers. We vary the information available to …