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We conduct one of the first laboratory experiments and noncooperative analyses of the de-centralized matching market … but some differ from experimental evidence. Stable matching, which coincides with efficient matching in this setting, is … core and whether efficient matching is assortative determine the rate of matching, efficient matching, and surplus achieved …
Persistent link: https://www.econbiz.de/10012834566
This paper analyzes fairness and bargaining in a dynamic bilateral matching market. Traders from both sides of the …
Persistent link: https://www.econbiz.de/10012587476
This paper analyzes fairness and bargaining in a dynamic bilateral matching market. Traders from both sides of the …
Persistent link: https://www.econbiz.de/10012648091
Evidence suggests that participants in direct student-proposing deferred-acceptance mechanisms (DA) play dominated strategies. To explain the data, we introduce expectation-based loss aversion into a school-choice setting and characterize choice-acclimating personal equilibria in DA. We find...
Persistent link: https://www.econbiz.de/10012698801
paper, we introduce and formalize reciprocal preferences, apply them to matching markets, and analyze the implications for … acceptance mechanism can achieve stability. These results provide insights into non-standard preferences in matching markets, and …
Persistent link: https://www.econbiz.de/10014478421
learned and promote truth-telling behavior. In this experiment, subjects repeatedly play the matching game induced by the … in matching market …
Persistent link: https://www.econbiz.de/10013019285
observed outcomes are stable, and among those a large majority culminate at the receiver-optimal stable matching. Second …
Persistent link: https://www.econbiz.de/10011800605
Market size has been predicted to play an influential role in a broad class of environments. We study performance of the Boston and the Deferred Acceptance (DA) mechanism in a laboratory where we increase the market size. Our results show that increasing the market size from 4 to 40 students per...
Persistent link: https://www.econbiz.de/10012965627
paper, we introduce and formalize reciprocal preferences, apply them to matching markets, and analyze the implications for … acceptance mechanism can achieve stability. These results provide insights into non-standard preferences in matching markets, and …
Persistent link: https://www.econbiz.de/10014259787
We investigate a partially directed search market where buyers search for sellers and then final prices are determined by ultimatum game bargaining. In the search stage of this game, sellers post intervals of possible surplus splits to attract buyers and then buyers approach one seller from whom...
Persistent link: https://www.econbiz.de/10012930572