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Pricing and Investments in Matching Markets
Mailath, George J.; Postlewaite, Andrew; Samuelson, Larry - Cowles Foundation for Research in Economics, Yale University - 2011
make investments before matching in a competitive market. We introduce the notion of premuneration values -- the values to …
Persistent link: https://www.econbiz.de/10009221543
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On the Segmentation of Markets
Jacquet, Nicolas L.; Tan, Serene - East Asian Bureau of Economic Research (EABER) - 2007
in the presence of search frictions and when utility is non-transferable. We depart from standard matching models where … have the same matching pattern, implying that the value of search to each agent is the same. Although perfect assortative … matching cannot be obtained in equilibrium, the degree of assortativeness is nevertheless greater than in standard models. …
Persistent link: https://www.econbiz.de/10009365066
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"Pricing and Investments in Matching Markets",Second Version
Mailath, George J.; Postlewaite, Andrew; Samuelson, Larry - Department of Economics, University of Pennsylvania - 2010
make investments before matching in a competitive market. We introduce the notion of premuneration values---the values to …
Persistent link: https://www.econbiz.de/10008751337
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Foster care : a dynamic matching approach
Mac Donald, Diana E. - 2023
two-sided search and matching model used to rationalize the empirical facts and carry out predictions regarding match …This paper studies the two-sided dynamic matching problem that occurs in the US foster care system. In this market …
Persistent link: https://www.econbiz.de/10014251032
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Pricing in Matching Markets
Mailath, George J.; Postlewaite, Andrew; Samuelson, Larry - Cowles Foundation for Research in Economics, Yale University - 2010
Different markets are cleared by different types of prices -- a universal price for all buyers and sellers in some markets, seller-specific prices that are uniform across buyers in others, and personalized prices tailored to both the buyer and the seller in yet others. We introduce the notion of...
Persistent link: https://www.econbiz.de/10008545756
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Information Externalities and Intermediaries in Frictional Search Markets
Shi, Xianwen; Siow, Aloysius - University of Toronto, Department of Economics - 2010
In frictional matching markets, buyers incur discrete inspection costs when assessing the suitability of goods on offer …. Intermediaries may either be firms that buy goods and hold inventory or brokers who search on behalf of their clients but do not buy …
Persistent link: https://www.econbiz.de/10008529177
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On the Segmentation of Markets
Jacquet, Nicolas L.; Tan, Serene - School of Economics, Singapore Management University - 2007
in the presence of search frictions and when utility is non-transferable. We depart from standard matching models where … have the same matching pattern, implying that the value of search to each agent is the same. Although perfect assortative … matching cannot be obtained in equilibrium, the degree of assortativeness is nevertheless greater than in standard models. …
Persistent link: https://www.econbiz.de/10005006774
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Matching Heterogeneous Agents with a Linear Search Technology
Tröger, Thomas; Nöldeke, Georg - University of Bonn, Germany - 2009
Steady state equilibria in heterogeneous agent matching models with search frictions have been shown to exist in Shimer … and Smith (2000) under the assumption of a quadratic search technology. We extend their analysis to the commonly … investigated linear search technology. …
Persistent link: https://www.econbiz.de/10005032221
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Competitive Equilibria in Decentralized Matching with Incomplete Information
Atakan, Alp E. - Center for Mathematical Studies in Economics and … - 2006
This paper shows that all perfect Bayesian equilibria of a decentralized dynamic matching market with two …. Agents engage in costly search and meet randomly. The terms of trade are determined through bilateral bargaining between … costs of search become small, all equilibria of the market game converge to perfectly competitive equilibria. …
Persistent link: https://www.econbiz.de/10005588293
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Search theory, competitive equilibrium, and the Nash bargaining solution
Cho, In-Koo; Matsui, Akihiko - In: Journal of Economic Theory 148 (2013) 4, pp. 1659-1688
We investigate a canonical search-theoretic model without entry. Two agents are randomly matched with a long side being …
Persistent link: https://www.econbiz.de/10010678871