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buyer and a single seller is embedded into a matching market with a continuum of traders. I consider steady-state equilibria …
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results give a rationale to informality-reducing policies. -- search and matching models ; informality ; efficiency …
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The allocation and exchange of discrete resources, such as transplant organs, pub- lic housing, dormitory rooms, and many other resources for which agents have single-unit demand, is often conducted via direct mechanisms without monetary transfers. Incentive compatibility and ef?ciency are...
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