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Persistent link: https://www.econbiz.de/10011378571
We prove existence of steady-state equilibrium in a class of matching models with search frictions.
Persistent link: https://www.econbiz.de/10011390707
We develop a model of the household in which spousal incomes are determined by pre-marital investments, the marriage market is characterized by assortative matching, and endogenously-determined sharing rules form the basis of intra-household allocations. By incorporating pre-marital investments...
Persistent link: https://www.econbiz.de/10010267526
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/10010273653
). This class of games includes a simple random-proposer TIOLI game, but also many other interesting bargaining games. A … converge to the Walrasian limit, at the fastest possible rate O(t) among all bargaining mechanisms. Some important bargaining …. -- Matching and bargaining ; search ; double auctions ; foundations for perfect competition ; rate of convergence …
Persistent link: https://www.econbiz.de/10003782133
Recent international climate negotiations suggest that complete agreements are unlikely to materialize. Instead, partial cooperation between like-minded countries appears a more likely outcome. In this paper we analyze the effects of such partial cooperation between like-minded countries. In...
Persistent link: https://www.econbiz.de/10009570868
I study intermediation in networked markets using a stochastic model of multilateral bargaining in which traders …
Persistent link: https://www.econbiz.de/10010403606
Persistent link: https://www.econbiz.de/10010499806
This paper analyzes fairness and bargaining in a dynamic bilateral matching market. Traders from both sides of the … market are pairwise matched to share the gains from trade. The bargaining outcome depends on the traders’ fairness attitudes … in isolated bilateral bargaining. …
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 … market are pairwise matched to share the gains from trade. The bargaining outcome depends on the traders’ fairness attitudes … in isolated bilateral bargaining. …
Persistent link: https://www.econbiz.de/10012648091