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and sending both to the low productivity sector. But, efficiency requires that they apply to both sectors because a higher … matching rate in the high-productivity sector can then be realized with fewer applications (and consequently fewer coordination …
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A classic trade-off that school districts face when deciding which matching algorithm to use is that it is not possible …
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Transaction costs are usually thought to be a major source of inefficiency because they do not allow efficient trades to take place. One might think that lowering transaction costs is always welfare-improving. This paper argues that, in contrast to conventional wisdom, it may be beneficial to...
Persistent link: https://www.econbiz.de/10014062960
surplus in the absence of interagent transfers. Most of the work in the large bargaining-and matching literature ignores this … affects the efficiency of equilibrium investments and affects the agents' payoffs. In particular, it is possible that …
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market affects investment efficiency …
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The matching efficiency of the standard matching function is known to follow a pro-cyclical pattern. An observed … rightward shift in the UK's Beveridge Curve after the Great Recession, suggests a decrease in the matching efficiency between … in efficiency in matching unemployed workers and available vacancies. Accounting for labour market segmentation and …
Persistent link: https://www.econbiz.de/10013414379