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We show how frictions and continuous transfers jointly affect equilibria in a model of matching in trading networks …
Persistent link: https://www.econbiz.de/10012212204
This paper studies a decentralized, dynamic matching and bargaining market: buyers and sellers are matched into pairs … static results of the decentralized trading outcome with respect to the level of the search frictions. -- Dynamic Matching …
Persistent link: https://www.econbiz.de/10003730623
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
We study equilibria of dynamic over-the-counter markets in which agents are distinguished by their preferences and information. Over time, agents are privately informed by bids and o ffers. Investors diff er with respect to information quality, including initial information precision, and also...
Persistent link: https://www.econbiz.de/10003979498
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
unique outcome, the worker-optimal matching. …
Persistent link: https://www.econbiz.de/10011593289
It is known that in two-sided many-to-many matching markets, pair-wise stability is not logically related with the … (weak) core, unlike in many-to-one matching markets (Blair, 1988). In this paper, we seek a theoretical foundation for …-partner matching problem that includes two-sided matching problems as special cases. Under the same preference restriction, we also …
Persistent link: https://www.econbiz.de/10011593632
Recruiting agents, or "programs" costly screen "applicants" in matching processes, and congestion in a market increases … programs; however, they may harm match quality. In a multiple-elicitation experiment conducted in a real-life matching market …
Persistent link: https://www.econbiz.de/10012896762
Recruiting agents, or "programs" costly screen “applicants” in matching processes, and congestion in a market increases … programs; however, they may harm match quality. In a multiple-elicitation experiment conducted in a real-life matching market …
Persistent link: https://www.econbiz.de/10011950544
Persistent link: https://www.econbiz.de/10003761931