Similar Search Results

Pricing and Investments in Matching Markets

Mailath, George J.; Postlewaite, Andrew; Samuelson, Larry - Cowles Foundation for Research in Economics, Yale University - 2011

Different markets are cleared by different types of prices -- seller-specific prices that are uniform across buyers in some markets, and personalized prices tailored to the buyer in others. We examine a setting in which buyers and sellers make investments before matching in a competitive market....

Persistent link: https://www.econbiz.de/10009221543

"Pricing and Investments in Matching Markets",Second Version

Mailath, George J.; Postlewaite, Andrew; Samuelson, Larry - Department of Economics, University of Pennsylvania - 2010

Different markets are cleared by different types of prices---seller-specific prices that are uniform across buyers in some markets, and personalized prices tailored to the buyer in others. We examine a setting in which buyers and sellers make investments before matching in a competitive market....

Persistent link: https://www.econbiz.de/10008751337

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 …

Persistent link: https://www.econbiz.de/10014251032

Can Job Competition Prevent Hold-Ups?

Jansen, Marcel - Institute for the Study of Labor (IZA) - 2004

first result shows that the economy always generates the right number of jobs. However, with random search firms under …-invest in capital due to a hold-up problem. In contrast, if workers can direct their search to firms with different capital … levels, the equilibrium is efficient. This result contrasts sharply with the predictions of models with ex post bargaining …

Persistent link: https://www.econbiz.de/10005703500

Trade Mechanism Selection in Markets with Frictions.

Camera, Gabriele; Delacroix, Alain - Krannert School of Management, Purdue University - 2003

We endogenize the trade mechanism in a search economy with many homogenous sellers and many heterogeneous buyers of …

Persistent link: https://www.econbiz.de/10005835330

A Random Matching Theory.

Aliprantis, C. D.; Camera, G.; Puzzelo, D. - Krannert School of Management, Purdue University - 2004

We develop the theoretical underpinnings of pairwise random matching mechanisms. We formalize the mechanics of matching, and study the links between properties of the different mechanisms and trade frictions. A particular emphasis is placed on providing exact mappings between matching...

Persistent link: https://www.econbiz.de/10005835380

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

The Rate of Convergence to Perfect Competition of a Simple Matching and Bargaining Mechanism

Shneyerov, Art; Wong, Adam Chi Leung - Vancouver School of Economics - 2007

and bargain under private information. Two bargaining protocols are considered: take-it-or-leave-it offering and the … double auction. There are frictions due to costly search and time discounting, parameterized by a single number t > 0 … the fastest possible rate O(t) among all bargaining mechanisms. For the double auction mechanism, we find that there are …

Persistent link: https://www.econbiz.de/10004975581

Prices, Information and Learning

Shevchenko, Andrei; Araujo, Luis - Society for Economic Dynamics - SED - 2004

We consider an economy where trade is decentralized and agents have incomplete information with respect to the value of money. Agents' learning evolves from private experiences and we explore how the formation of prices interacts with learning. We show that multiple equilibria arise, and...

Persistent link: https://www.econbiz.de/10005051429

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