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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
The matching of likes is a frequently observed phenomenon. However, for such assortative matching to arise in a search … can generate even perfect assortative matching under weak conditions: supermodularity of the match production function is …
Persistent link: https://www.econbiz.de/10010323818
The matching of likes is a frequently observed phenomenon. However, for such assortative matching to arise in a search … can generate even perfect assortative matching under weak conditions: supermodularity of the match production function is … the model achieves nearly unconstrained efficiency despite frictions. -- Assortative matching ; sorting ; search ; signals …
Persistent link: https://www.econbiz.de/10009553146
labor market matching function. In theory, higher mismatch lowers matching efficiency which increases the risk that the … findings can be improved by a mismatch-enhanced labor market matching function. For this purpose, we construct so … der Prognosegüte der Matching-Funktion. Theoretisch sinkt die Matchingeffizienz mit höherem Mismatch, wodurch das Risiko …
Persistent link: https://www.econbiz.de/10010401765
We prove existence of steady-state equilibrium in a class of matching models with search frictions. …
Persistent link: https://www.econbiz.de/10010499806
assortative matching. Frictions are commonly understood to hamper sorting. Instead, we show how frictions generate positive … sorting even with a submodular production function. Our results challenge the interpretation of positive assortative matching …
Persistent link: https://www.econbiz.de/10012869756
We study the existence of group strategy-proof stable rules in many-to-many matching markets under responsiveness of …, acyclicity is the minimal condition guaranteeing the existence of stable and strategy-proof mechanisms in many-to-many matching …
Persistent link: https://www.econbiz.de/10012854197
We propose a parsimonious matching model where people's choice of whom to meet endogenizes the degree of randomness in … matching. The analysis highlights the interaction between a productive motive, driven by the surplus attainable in a match, and …
Persistent link: https://www.econbiz.de/10012854989
We investigate the effect of search frictions on labor market sorting by constructing a model which is in line with recent evidence that employers collect a pool of applicants before interviewing a subset of them. In this environment, we derive the necessary and sufficient conditions for sorting...
Persistent link: https://www.econbiz.de/10012581332
We investigate the effect of search frictions on labor market sorting by constructing a model which is in line with recent evidence that employers collect a pool of applicants before interviewing a subset of them. In this environment, we derive the necessary and sufficient conditions for sorting...
Persistent link: https://www.econbiz.de/10012583359