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Information percolation in segmented markets

Duffie, Darrell; Malamud, Semyon; Manso, Gustavo - 2010

We study equilibria of dynamic over-the-counter markets in which agents are distinguished by their preferences and information. Over time, agents are privately informed by bids and o ffers. Investors diff er with respect to information quality, including initial information precision, and also...

Persistent link: https://www.econbiz.de/10003979498

Assortative matching through signals

Poeschel, Friedrich - 2012

The matching of likes is a frequently observed phenomenon. However, for such assortative matching to arise in a search … can generate even perfect assortative matching under weak conditions: supermodularity of the match production function is … the model achieves nearly unconstrained efficiency despite frictions. -- Assortative matching ; sorting ; search ; signals …

Persistent link: https://www.econbiz.de/10009553146

Divorce costs and marital dissolution in a one-to-one matching framework with nontransferable utilities

Sağlam, İsmail - In: Games 4 (2013) 1, pp. 106-124

In this paper, we use a two-period one-to-one matching model with incomplete information to examine the effect of … whether to stay married or to unilaterally divorce. We show that, for any society, there exist matching environments where the … probability of the marital dissolution does not reduce divorce costs under gender-optimal matching rules. In such environments, an …

Persistent link: https://www.econbiz.de/10009754874

Assortative matching and search with labour supply and home production

Jacquemet, Nicolas; Robin, Jean-Marc - 2013

We extend the search-matching model of the marriage market of Shimer and Smith (2000) to allow for labor supply and … estimated matching probabilities that can be derived from the steady-state flow conditions are strongly increasing in male and …

Persistent link: https://www.econbiz.de/10009715111

Meeting technologies and optimal trading mechanisms in competitive search markets

Lester, Benjamin; Visschers, Ludo; Wolthoff, Ronald - 2014

In a market in which sellers compete by posting mechanisms, we study how the properties of the meeting technology affect the mechanism that sellers select. In general, sellers have incentive to use mechanisms that are socially efficient. In our environment, sellers achieve this by posting an...

Persistent link: https://www.econbiz.de/10010387737

Existence of steady-state equilibria in matching models with search frictions

Lauermann, Stephan; Nöldeke, Georg - 2014

We prove existence of steady-state equilibrium in a class of matching models with search frictions. …

Persistent link: https://www.econbiz.de/10010499806

Heterogeneity in spousal matching models

Fletcher, Jason; Padrón, Norma - 2015

An important paper by Chiappori et al. (2012) has proposed an elegant and parsimonious model of spousal matching over …

Persistent link: https://www.econbiz.de/10010501869

Assortative matching through signals

Poeschel, Friedrich - 2012

unconstrained efficiency despite frictions: agents successfully conclude their search after a single meeting, a stable matching … results, and overall match output is maximised. -- Assortative matching ; sorting ; search ; signals …

Persistent link: https://www.econbiz.de/10009671478

Consistency and its converse for roommate markets

Klaus, Bettina - 2013

For marriage markets with equal numbers of men and women and where all men find all women acceptable and all women find all men acceptable, Sasaki and Toda (1992) characterize the core by anonymity, Pareto optimality, consistency, and converse consistency. In a recent paper, Nizamogullari and...

Persistent link: https://www.econbiz.de/10010222181

Assortative Matching and Risk Sharing

Li, Sanxi - 2013

assortative matching. In the additive model where individuals are ranked by their idiosyncratic risks in the Rothschild …

Persistent link: https://www.econbiz.de/10013082945