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Bargaining or searching for a better price? : an experimental study
Feri, Francesco; Gantner, Anita - 2010
This experimental study investigates two bargaining games with twosided incomplete information between a seller and a buyer. In the first game with no outside options many subjects do not use the incomplete information to their advantage as predicted. We find that a model with adjusting priors...
Persistent link: https://www.econbiz.de/10009737082
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Microeconomic models with latent variables : applications of measurement error models in empirical industrial organization and labor economics
Hu, Yingyao - 2015
This paper reviews recent developments in nonparametric identi.cation of mea- surement error models and their applications in applied microeconomics, in particular, in empirical industrial organization and labor economics. Measurement error models describe mappings from a latent distribution to...
Persistent link: https://www.econbiz.de/10010469057
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Matching heterogeneous agents with a linear search technology
Nöldeke, Georg; Tröger, Thomas - 2009
Steady state equilibria in heterogeneous agent matching models with search frictions have been shown to exist in Shimer … investigated linear search technology. -- Search ; Matching ; Steady State Equilibrium …
Persistent link: https://www.econbiz.de/10003850642
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Assortative matching through signals
Poeschel, Friedrich - 2012
The matching of likes is a frequently observed phenomenon. However, for such assortative matching to arise in a search … can generate even perfect assortative matching under weak conditions: supermodularity of the match production function is … the model achieves nearly unconstrained efficiency despite frictions. -- Assortative matching ; sorting ; search ; signals …
Persistent link: https://www.econbiz.de/10009553146
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Bargaining, search, and outside options
Gantner, Anita - 2007
This paper studies a two-sided incomplete information bargaining model between a seller and a buyer. The buyer has an outside option, which is modeled as a sequential search process during which he can also choose to return to bargaining at any time. Two cases considered: In Regime I, both...
Persistent link: https://www.econbiz.de/10009731150
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Imperfect Information Transmission and Adverse Selection in Asset Markets
Choi, Michael - 2016
This paper studies asset markets where buyers of assets do not inherit private information from previous owners and must learn asset quality over time. Imperfect information transmission reduces asymmetric information, but also reduces the trading volume, prices and efficiency. This result is...
Persistent link: https://www.econbiz.de/10013005245
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Assortative Information Disclosure
Kolotilin, Anton; Wolitzky, Alexander - 2020
We consider a standard persuasion problem in which the receiver’s action and the state of the world are both one-dimensional. Fully characterizing optimal signals when utilities are non-linear is a daunting task. Instead, we develop a general approach to understanding a key qualitative...
Persistent link: https://www.econbiz.de/10014031929
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Deferred Acceptance with Incomplete Information
Chen, Yi-Chun; Hu, Gaoji - 2022
This paper studies a matching algorithm which is termed incomplete-information deferred acceptance (DA). We show that …
Persistent link: https://www.econbiz.de/10013306085
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Outside offers and bidding costs
Virág, Gábor (contributor) - 2006
This paper provides a search theoretic model with endogenous job creation, and homogenous workers and firms. The model introduces bidding costs and allows the current employer to make a counteroffer with probability q when the worker receives an outside offer. In equilibrium, a higher level of...
Persistent link: https://www.econbiz.de/10003435452
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Age matching patterns and search
Sautmann, Anja - 2010 - This version: December 2010
) assortative matching by age, and (2) \differential age matching", a formalization of the age difference at marriage between men …
Persistent link: https://www.econbiz.de/10008909170