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Persistent link: https://www.econbiz.de/10015154676
Why do some incomplete information markets feature intermediaries while others do not? I study the allocation of two goods in an incomplete information setting with a single principal, multiple agents with unit demand, and interdependent valuations. I construct a novel dynamic mechanism...
Persistent link: https://www.econbiz.de/10014418049
We present a theoretical explanation of inefficient early matching in matching markets. Our explanation is based on …
Persistent link: https://www.econbiz.de/10011673087
This paper studies a decentralized, dynamic matching and bargaining market: buyers and sellers are matched into pairs …
Persistent link: https://www.econbiz.de/10010264835
We study priority-based matching markets with public and private endowments. We show that efficiency-adjusted deferred …
Persistent link: https://www.econbiz.de/10012846503
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 …
Persistent link: https://www.econbiz.de/10003730623
. -- Matching and bargaining ; search ; double auctions ; foundations for perfect competition ; rate of convergence …
Persistent link: https://www.econbiz.de/10003782133
is a necessary and sufficient condition. It simultaneously ensures perfect positive assortative matching, so that single …
Persistent link: https://www.econbiz.de/10010128388
the efficient matching of workers to firms. This mechanism can be thought of as operated by a recruitment agency, an …
Persistent link: https://www.econbiz.de/10010366528
, and a robust Beveridge curve. -- Job matching ; shirking ; efficiency wages ; endogenous separation ; contractual …
Persistent link: https://www.econbiz.de/10003879378