Showing 1 - 10 of 1,431
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
Two notions of stability, ex ante stability and Bayesian stability, are investigated in a matching model with non …-transferrable utility, interdependent preferences, and one-sided incomplete information. Ex ante stable matching-outcomes are unblocked for … every belief on the blocking partner's type while Bayesian stable matching-outcomes are unblocked with respect to prior …
Persistent link: https://www.econbiz.de/10012965814
We study a one-to-one two-sided matching market in which each man has a common value for all women and a private value … which a woman proposes to a random man in each step. We prove that envy in a matching market is bounded by envy in this … of the square root of the number of men in each type. Therefore, in large matching markets, envy becomes zero; on top of …
Persistent link: https://www.econbiz.de/10013250140
I study a two-period matching model where one side of the market (e.g. workers) have an option to invest and delay … matching in the first period. Investment increases each agent's matching surplus in the second period, by a magnitude of the …-transferable utility. My analysis suggests that efficient investment is a robust prediction in sequential matching markets …
Persistent link: https://www.econbiz.de/10013245004
We formulate a notion of stable outcomes in matching problems with one-sided asymmetric information. The key conceptual …
Persistent link: https://www.econbiz.de/10013098363
We provide a framework for studying two-sided matching markets with incomplete information. The framework accommodates …
Persistent link: https://www.econbiz.de/10012849286
We formulate a notion of stable outcomes in matching problems with one-sided asymmetric information. The key conceptual …
Persistent link: https://www.econbiz.de/10013080181
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
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
We propose an elementary theory of wars fought by fully rational contenders that features three of the main rationalist explanations for armed conflicts: uncertainty, commitment, and indivisibility. Two parties play a Markov game that combines stages of bargaining, where offers are made, with...
Persistent link: https://www.econbiz.de/10009506420