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Informational hold up and intermediaries
Utgoff, Naomi - In: Games 13 (2022) 5, pp. 1-14
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
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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
We present a theoretical explanation of inefficient early matching in matching markets. Our explanation is based on …
Persistent link: https://www.econbiz.de/10011673087
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Price setting in a decentralized market and the competitive outcome
Lauermann, Stephan - 2008
This paper studies a decentralized, dynamic matching and bargaining market: buyers and sellers are matched into pairs …
Persistent link: https://www.econbiz.de/10010264835
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Price setting in a decentralized market and the competitive outcome
Lauermann, Stephan (contributor) - 2008
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
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The rate of convergence to perfect competition of matching and bargaining mechanisms
Shneyerov, Artyom (contributor);  … - 2008
. -- Matching and bargaining ; search ; double auctions ; foundations for perfect competition ; rate of convergence …
Persistent link: https://www.econbiz.de/10003782133
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Labour market screening with intermediaries
Schweinzer, Paul - 2006
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
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Employment Fluctuations with Downward Wage Rigidity : The Role of Moral Hazard
Costain, James S. - 2009
This paper studies the cyclical dynamics of Mortensen and Pissarides' (1994) model of job creation and destruction when workers' effort is not perfectly observable, as in Shapiro and Stiglitz (1984). An occasionally-binding no-shirking constraint truncates the real wage distribution from below,...
Persistent link: https://www.econbiz.de/10013157042
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Information Disclosure and Unraveling in Matching Markets
Ostrovsky, Michael - 2009
This paper explores information disclosure in matching markets, e.g., the informativeness of transcripts given out by …
Persistent link: https://www.econbiz.de/10012721350
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Employment Fluctuations with Downward Wage Rigidity : The Role of Moral Hazard
Costain, James S. - 2006
This paper considers a dynamic matching model with imperfectly observable worker effort. In equilibrium, the wage …
Persistent link: https://www.econbiz.de/10012732526
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Thickness and Information in Dynamic Matching Markets
Akbarpour, Mohammad - 2019
We introduce a simple model of dynamic matching in networked markets, where agents arrive and depart stochastically …, and the composition of the trade network depends endogenously on the matching algorithm. Varying the timing properties of … matching algorithms can substantially affect their performance, and this depends crucially on the information structure. More …
Persistent link: https://www.econbiz.de/10012905017