Showing 1 - 10 of 1,095
In this paper we investigate the incentives of unemployed workers to wait for a recall when recall probabilities are endogenously determined by the waiting decisions of others. Because of a positive externality that arises when workers seek new employment, an excessive number of workers choose...
Persistent link: https://www.econbiz.de/10011409750
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
In this paper, we present a directed search model of the housing market. The pricing mechanism we analyze reflects the …. Our model offers a new way to look at the housing market from a search-theoretic perspective. In addition, we contribute … to the directed search literature by considering a model in which the asking price (i) entails only limited commitment …
Persistent link: https://www.econbiz.de/10011379608
We consider one-to-one matching problems under two modalities of uncertainty that differ in the way types are assigned … know the "name" but not the "type" of the other players. Learning occurs via matching and using Bayes' rule. We introduce … Stability ; Two-Sided Matching …
Persistent link: https://www.econbiz.de/10009702237
We consider one-to-one matching problems under two modalities of uncertainty that differ in the way types are assigned … know the “name” but not the ”type” of the other players. Learning occurs via matching and using Bayes' rule. We introduce …
Persistent link: https://www.econbiz.de/10013087491
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
We provide a framework for studying two-sided matching markets with incomplete information. The framework accommodates …
Persistent link: https://www.econbiz.de/10012849286
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
This paper extends the discussion of the relationship between Bayesian stability and Bayesian efficiency in Liu(2020). We focus on the worst possible case for workers, in which firms offer workers wages exactly opposite to workers’ initial payoffs, so that workers will always enjoy a zero...
Persistent link: https://www.econbiz.de/10013312124
In persuasion problems where the receiver's action is one-dimensional and his utility is single-peaked, optimal signals are characterized by duality, based on a first-order approach to the receiver's problem. A signal is optimal if and only if the induced joint distribution over states and...
Persistent link: https://www.econbiz.de/10014082023