This paper analyzes fairness and bargaining in a dynamic bilateral matching market. Traders from both sides of the …

We investigate the welfare effect of increasing competition in an anonymous two-sided matching market, where matched … pairs play an infinitely repeated Prisoner's Dilemma. Higher matching efficiency is usually considered detrimental as it … creates stronger incentives for defection. We point out, however, that a reduction in matching frictions also increases …

(Smith 1962) and recent theoretical results (Dufwenberg et al. 2008) suggest that competition forces people to behave as if …

(Smith 1962) and recent theoretical results (Dufwenberg et al. 2008) suggest that competition forces people to behave as if …