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In many markets, sellers advertise their good with an asking price. This is a price at which the seller is willing to take his good off the market and trade immediately, though it is understood that a buyer can submit an offer below the asking price and that this offer may be accepted if the...
Persistent link: https://www.econbiz.de/10013087203
In many markets, sellers advertise their good with an asking price. This is a price at which the seller is willing to take his good off the market and trade immediately, though it is understood that a buyer can submit an offer below the asking price and that this offer may be accepted if the...
Persistent link: https://www.econbiz.de/10013087422
it as a two-stage game: A first stage of simultaneous 1-to-1 matching between firms and managers and a second stage of … each firm-manager pair to expect that the remaining agents will form a positive assortative matching (PAM), and the PAM on … the grand market is a stable matching under rational expectations. Even if they are strategic substitutes yet the …
Persistent link: https://www.econbiz.de/10012903067
This paper develops a price-theoretic framework for matching markets with heterogeneous preferences. The model departs …
Persistent link: https://www.econbiz.de/10012974432
Many sales, sports, and research contests are put in place to maximize contestants’ performance. We investigate and provide a complete characterization of the prize structures that achieve this objective in settings with many contestants. The contestants may be ex-ante asymmetric in their...
Persistent link: https://www.econbiz.de/10012159024
Does ‘inner' competition – rivalry among network members – worsen performance in a network of cooperative banks? Inner competition might, in fact, endanger network-dependent scale economies. We test our hypothesis on Banche di Credito Cooperativo (BCCs), Italy's network of mutual...
Persistent link: https://www.econbiz.de/10012890532
There is strong evidence that people exploit their bargaining power in competitive markets but not in bilateral bargaining situations. There is also strong evidence that people exploit free-riding opportunities in voluntary cooperation games. Yet, when they are given the opportunity to punish...
Persistent link: https://www.econbiz.de/10014222007
We consider upper and lower bounds for maxmin allocations of a completely divisible good in both competitive and cooperative strategic contexts. We then derive a subgradient algorithm to compute the exact value up to any fixed degree of precision
Persistent link: https://www.econbiz.de/10013112094
We consider upper and lower bounds for maxmin allocations of a completely divisible good in both competitive and cooperative strategic contexts. We then derive a subgradient algorithm to compute the exact value up to any fixed degree of precision. -- Fair Division ; Maxmin Allocation ; Kalai...
Persistent link: https://www.econbiz.de/10009380614
generalized competitive signaling model with two-sided matching. The DM’s optimal design of the unique stronger monotone signaling … the other for pooling on the top. Our analysis sheds light on the impacts of a trade-off between matching efficiency and …
Persistent link: https://www.econbiz.de/10013212814