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This paper studies the role of capital investment in a search and matching model. I develop an endogenous job … separation matching model in which a firm's irreversible capital investment is endogenously determined. The incorporation of … capital investment provides an additional channel for firms to respond to productivity shocks, significantly magnifying labor …
Persistent link: https://www.econbiz.de/10013136778
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We show that, given two matchings of which say the second is stable, if (a) no firm prefers the first matching to the … second, and (b) no firm and the worker it is paired with under the second matching prefer each other to their respective … assignments in the first matching, then no worker prefers the second matching to the first. This result is a strengthening of a …
Persistent link: https://www.econbiz.de/10011606485
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We experimentally study how redistribution choices are affected by positive and negative information regarding the behaviour of a previous participant in a dictator game with a taking option. We use the strategy method to identify behavioural ‘types', and thus distinguish ‘conformists' from...
Persistent link: https://www.econbiz.de/10012865728
This paper studies a decentralized, dynamic matching and bargaining market: buyers and sellers are matched into pairs … static results of the decentralized trading outcome with respect to the level of the search frictions. -- Dynamic Matching …
Persistent link: https://www.econbiz.de/10003730623
This paper shows that all perfect Bayesian equilibria of a dynamic matching game with two-sided incomplete information … competitive equilibria. -- Matching and bargaining ; search ; foundations for perfect competition ; two-sided incomplete …
Persistent link: https://www.econbiz.de/10003781441
Steady state equilibria in heterogeneous agent matching models with search frictions have been shown to exist in Shimer … investigated linear search technology. -- Search ; Matching ; Steady State Equilibrium …
Persistent link: https://www.econbiz.de/10003850642
This paper shows that all perfect Bayesian equilibria of a dynamic matching game with two-sided incomplete information … whole economy where all markets are open. -- Matching and Bargaining ; Search ; Foundations for Perfect Competition ; Two …
Persistent link: https://www.econbiz.de/10008688508
condition. -- Bargaining ; Search ; Matching ; Two-sided Incomplete Information …
Persistent link: https://www.econbiz.de/10008688509