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rules. The stability and efficiency of a partition depends on the matching rule φ. The results are stated under various …We define two versions of stability and efficiency of partitions and analyze their relationships for some matching … the matching rule is individually rational and Pareto optimal, the set of φ-stable and φ-efficient partitions coincide …
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consider the notion of "efficient" partition that minimizes the total policy-related costs and aggregate personalized costs. We … (belonging to the partition or not) has an incentive to break away from the rest and to set its own policy. Our main result is … that, with a unidimensional policy space and single-peaked personalized costs, every efficient partition is sustainable. We …
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This paper analyses the efficiency of the equilibrium allocation in a matching model with two types of workers and jobs … production technologies. Finally, in an extension we derive a tax scheme that restores efficiency and we show how workers …
Persistent link: https://www.econbiz.de/10010272689
We analyse a model of equilibrium directed search in a large labour market. Each worker, observing the wages posted at all vacancies, makes a fixed, finite number of applications, a. We allow for the possibility of ex post competition should more than one vacancy want to hire the same worker....
Persistent link: https://www.econbiz.de/10011332815
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maximum matching can avoid this risk and enjoy higher payoffs than inessential players. Although the search for partners is …
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