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We study a matching model with heterogeneous agents, nontransferable utility and search frictions. Agents differ along … specifications can be treated as a case of horizontal heterogeneity only. -- Matching ; Horizontal Differentiation ; Marriage Markets …
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We study a simple model of a decentralized market game in which firms make directed offers to workers. We focus on markets in which agents have aligned preferences. When agents have complete information or when there are no frictions in the economy, there exists an equilibrium that yields the...
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