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This paper studies a decentralized, dynamic matching and bargaining market: buyers and sellers are matched into pairs … static results of the decentralized trading outcome with respect to the level of the search frictions. -- Dynamic Matching …
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matching functions, off-path beliefs conditional on counterfactual pairwise deviations, and on-path beliefs in the absence of … such deviations. A matching-belief configuration is stable if the matching is individually rational with respect to the … language for assessing matching outcomes with respect to their supporting beliefs and opens the door to further belief …
Persistent link: https://www.econbiz.de/10012836811
We study how to reduce congestion in two-sided matching markets with private preferences. We measure congestion by the … congestion is inevitable under arbitrary preferences before the market can clear with a stable matching. We show that when the … and encourage informative signals such that the market reaches a stable matching with a low level of congestion. This is …
Persistent link: https://www.econbiz.de/10012901915
buyer and a single seller is embedded into a matching market with a continuum of traders. I consider steady-state equilibria …
Persistent link: https://www.econbiz.de/10012940429
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We document experimentally how biased self-assessments affect the outcome of matching markets. In the experiments, we …, or to wait for the assortative matching based on their actual relative performance. Early offers are accepted more often …
Persistent link: https://www.econbiz.de/10011574124
We document experimentally how biased self-assessments affect the outcome of matching markets. In the experiments, we …, or to wait for the assortative matching based on their actual relative performance. Early offers are accepted more often …
Persistent link: https://www.econbiz.de/10011591092