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This paper shows that all perfect Bayesian equilibria of a dynamic matching game with two-sided incomplete information …
Persistent link: https://www.econbiz.de/10014052931
This paper shows that all perfect Bayesian equilibria of a dynamic matching game with two-sided incomplete information … whole economy where all markets are open. -- Matching and Bargaining ; Search ; Foundations for Perfect Competition ; Two …
Persistent link: https://www.econbiz.de/10008688508
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/10012732787
This paper shows that all perfect Bayesian equilibria of a dynamic matching game with two-sided incomplete information … competitive equilibria. -- Matching and bargaining ; search ; foundations for perfect competition ; two-sided incomplete …
Persistent link: https://www.econbiz.de/10003781441
We prove existence of steady-state equilibrium in a class of matching models with search frictions. …
Persistent link: https://www.econbiz.de/10010499806
This paper shows that all perfect Bayesian equilibria of a dynamic matching game with two-sided incomplete information …
Persistent link: https://www.econbiz.de/10010266300
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 paper shows that all perfect Bayesian equilibria of a dynamic matching game with two-sided incomplete information …
Persistent link: https://www.econbiz.de/10010273660
This paper analyzes a decentralized search and matching economy comprised of heterogeneous agents. The paper looks at a … perfect assortative matching is the unique equilibrium in the limit economy as search frictions disappear …
Persistent link: https://www.econbiz.de/10012732786
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 … joint production function) lead to assortative matching. This is in contrast to previous literature, which had shown that in …
Persistent link: https://www.econbiz.de/10012779244