Showing 1 - 10 of 5,518
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
This paper shows that all perfect Bayesian equilibria of a dynamic matching game with two-sided incomplete information … whole economy where all markets are open. -- Matching and Bargaining ; Search ; Foundations for Perfect Competition ; Two …
Persistent link: https://www.econbiz.de/10008688508
condition. -- Bargaining ; Search ; Matching ; Two-sided Incomplete Information …
Persistent link: https://www.econbiz.de/10008688509
This paper considers a frictional market where buyers and sellers, with unit demand and supply, search for trading opportunities. The analysis focuses on explicit search frictions, allows for two-sided incomplete information, and puts no restriction on agent heterogeneity. In this context, a...
Persistent link: https://www.econbiz.de/10012732787
is a necessary and sufficient condition. It simultaneously ensures perfect positive assortative matching, so that single …
Persistent link: https://www.econbiz.de/10010128388
This paper shows that all perfect Bayesian equilibria of a dynamic matching game with two-sided incomplete information …
Persistent link: https://www.econbiz.de/10014052931
This paper studies a stability notion and matching processes in the job market with incomplete information on the …
Persistent link: https://www.econbiz.de/10012159014
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 this paper, we use a two-period one-to-one matching model with incomplete information to examine the effect of … whether to stay married or to unilaterally divorce. We show that, for any society, there exist matching environments where the … probability of the marital dissolution does not reduce divorce costs under gender-optimal matching rules. In such environments, an …
Persistent link: https://www.econbiz.de/10009754874
The housing rental market offers a unique laboratory for studying price stickiness. This paper is motivated by two facts: 1. Tenants' rents are remarkably sticky even though regular and expected recontracting would, by itself, suggest substantial rent flexibility. 2. Rent stickiness varies...
Persistent link: https://www.econbiz.de/10012955614