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In a two-sided search market agents are paired to bargain over a unit surplus. The matching market serves as an endogenous outside option for a bargaining agent. Behavioral agents are commitment types that demand a constant portion of the surplus. The frequency of behavioral types is determined...
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This paper analyzes a decentralized search and matching economy comprised of heterogeneous agents. The paper looks at a model with additive search costs and transferable utility, gives a general proof of equilibrium existence and shows that perfect assortative matching is the unique equilibrium...
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In this paper, I analyze a decentralized search and matching economy with transferable utility comprised of heterogeneous agents. I explore whether Becker's assortative matching result generalizes to an economy where agents engage in costly search. In an economy with explicit additive search...
Persistent link: https://www.econbiz.de/10012779244