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Persistent link: https://www.econbiz.de/10012196473
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...
Persistent link: https://www.econbiz.de/10012905017
A designer relies on a costly screening device to allocate a set of goods, aiming to maximize a social welfare function. We provide conditions for one screening device to dominate another. We show that the performance of a screening device depends on two channels: (i) targeting effectiveness...
Persistent link: https://www.econbiz.de/10014344592