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This paper analyzes the provision of matching services in a model of two-sided search. Agents belong to two populations and are uniformly distributed on [0,1]. Their utility is equal to the index of their mate. In a search equilibrium, as in Mac Namara and Collins (1990), agents form...
Persistent link: https://www.econbiz.de/10005008601
We examine the determinants of expenditures on wedding celebrations by rural Indian families. We develop a status signaling model of wedding celebrations where the size of the celebration signals the quality of the new groom’s family and, thus, the enhanced social status of the bride’s...
Persistent link: https://www.econbiz.de/10005010046
This paper presents a North-South model of international trade in which (i) there is a relatively small number of countries in the North and (ii) the North is relatively abundant in capital while the South is relatively abundant in labor. Using new methods in monotone comparative statics, the...
Persistent link: https://www.econbiz.de/10005752750
This paper analyzes the formation of cartels of buyers and sellers in a simple model of trade inspired by Rubinstein and Wolinsky's (1990) bargaining model. When cartels are formed only on one side of the market, there is at most one stable cartel size. When cartels are formed sequentially on...
Persistent link: https://www.econbiz.de/10005753106
Persistent link: https://www.econbiz.de/10005755712
This paper analyzes the provision of local public goods with positive spillovers across jurisdictions. If spillovers are symmetric, the noncooperative game played by jurisdictions admits a unique equilibrium, and an increase in spillovers reduces the total provision of public goods. Smaller...
Persistent link: https://www.econbiz.de/10005787054
Persistent link: https://www.econbiz.de/10008468800
This article analyzes the provision of matching services in a model of two-sided search. Agents belong to two heterogeneous populations and are distributed on [0, 1]. Their utility is equal to the index of their mate. In a search equilibrium agents form subintervals and are only matched to...
Persistent link: https://www.econbiz.de/10005547011
Theoretical models of government formation in political science usually assume that the head of state is non-strategic. In this paper, we analyze the power of an agenda setter who chooses the order in which players are recognized to form coalitions in simple games. We characterize those sets of...
Persistent link: https://www.econbiz.de/10005369483
Persistent link: https://www.econbiz.de/10005499442