Showing 1 - 10 of 1,157
option to buy via search or return to bargaining. Here many buyers choose a bargaining agreement when a search outcome is … predicted. For those who opt out, search outcomes are overall efficient and behavior is relatively close to the optimal search …
Persistent link: https://www.econbiz.de/10010294771
This paper uses the example of an exam to model multi-dimensional search under a deadline. When the dimension is two …, an order-invariance property allows simple characterization of the optimal search policy. Behavior is shown to be highly …; this increases complexity of the problem of finding the optimal search policy. …
Persistent link: https://www.econbiz.de/10011940733
In this paper we investigate the incentives of unemployed workers to wait for a recall when recall probabilities are endogenously determined by the waiting decisions of others. Because of a positive externality that arises when workers seek new employment, an excessive number of workers choose...
Persistent link: https://www.econbiz.de/10011409750
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
In this paper, we present a directed search model of the housing market. The pricing mechanism we analyze reflects the …. Our model offers a new way to look at the housing market from a search-theoretic perspective. In addition, we contribute … to the directed search literature by considering a model in which the asking price (i) entails only limited commitment …
Persistent link: https://www.econbiz.de/10010325693
In this paper, we present a directed search model of the housing market. The pricing mechanism we analyze reflects the …. Our model offers a new way to look at the housing market from a search-theoretic perspective. In addition, we contribute … to the directed search literature by considering a model in which the asking price (i) entails only limited commitment …
Persistent link: https://www.econbiz.de/10010269591
In this paper, we present a directed search model of the housing market. The pricing mechanism we analyze reflects the …. Our model offers a new way to look at the housing market from a search-theoretic perspective. In addition, we contribute … to the directed search literature by considering a model in which the asking price (i) entails only limited commitment …
Persistent link: https://www.econbiz.de/10011379608
We consider one-to-one matching problems under two modalities of uncertainty that differ in the way types are assigned … know the "name" but not the "type" of the other players. Learning occurs via matching and using Bayes' rule. We introduce … Stability ; Two-Sided Matching …
Persistent link: https://www.econbiz.de/10009702237
We consider one-to-one matching problems under two modalities of uncertainty that differ in the way types are assigned … know the “name” but not the ”type” of the other players. Learning occurs via matching and using Bayes' rule. We introduce …
Persistent link: https://www.econbiz.de/10013087491
This paper analyzes fairness and bargaining in a dynamic bilateral matching market. Traders from both sides of the …
Persistent link: https://www.econbiz.de/10012587476