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Social networks and unraveling in labor markets
Fainmesser, Itay - 2010
design of the matching procedure can prevent unraveling. -- Networks ; market design ; unraveling ; entry-level labor markets … fellowships and the market for judicial clerks) in the presence of social networks. We offer a two-stage model in which workers in … changes to the network structure on the unraveling of the market towards early hiring. Moreover, we show that an efficient …
Persistent link: https://www.econbiz.de/10008669960
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Information sharing networks in linear quadratic games
Currarini, Sergio; Feri, Francesco - 2013
stable networks for the general linear quadratic game. For the case of correlated signals, we study pair-wise stable networks …
Persistent link: https://www.econbiz.de/10009756291
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Information sharing in oligopoly : sharing groups and core-periphery architectures
Currarini, Sergio; Feri, Francesco - In: Games 12 (2021) 4, pp. 1-17
The trade-off between the costs and benefits of disclosing a firm's private information has been the object of a vast literature. The absence of incentives to share information on a common market demand prior to competition has been advocated to interpret information sharing as evidence of...
Persistent link: https://www.econbiz.de/10013171765
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On information aggregation and interim efficiency in networks
Jiménez-Martínez, Antonio - In: Games 8 (2017) 1, pp. 1-14
complementarity in actions, efficiency can be either associated to more sparse or denser networks, depending on the size of the …
Persistent link: https://www.econbiz.de/10011621465
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Cascading Expert Failure
Murphy, Jon - 2021
A problem that has plagued market failure discussions is: "why does bad policy exist and persist?" Various schools of thought have answered that question, but I argue that the explanations, while correct, are incomplete. In this paper, I apply the expert failure literature to the problem of...
Persistent link: https://www.econbiz.de/10013239322
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Compromises and Incentives
Di Giannatale Menegalli, Sonia; Curiel-Cabral, Itza T. Q. - Centro de Investigación y Docencia Económicas (CIDE) - 2013
We analyze a situation where a Principal does not necessarily have all the bargaining power while negotiating a contract with an Agent by studying a dynamic multi-objective moral hazard model with hidden action. We .nd that the structure of the optimal contracts change along the Pareto Frontier,...
Persistent link: https://www.econbiz.de/10010823261
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Strategic complementarities and unraveling in matching markets
Echenique, Federico; Pereyra, Juan - In: Theoretical economics : TE ; journal of the Econometric … 11 (2016) 1, pp. 1-39
Persistent link: https://www.econbiz.de/10011485131
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False modesty : when disclosing good news looks bad
Harbaugh, Rick; To, Theodore C. - In: Journal of mathematical economics 87 (2020), pp. 43-55
Persistent link: https://www.econbiz.de/10012661931
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Adverse selection and unraveling in common-value labor markets
Ely, Jeffrey C.; Siegel, Ron - In: Theoretical economics : TE ; journal of the Econometric … 8 (2013) 3, pp. 801-827
Persistent link: https://www.econbiz.de/10010207654
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Strategic complementarities and unraveling in matching markets
Echenique, Federico; Pereyra, Juan - In: Theoretical economics : TE ; an open access journal in … 11 (2016) 1, pp. 1-39
strategic complementarities and strategic unraveling. We identify a negative externality imposed on the rest of the market by …
Persistent link: https://www.econbiz.de/10011673087