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. Assortative matching theorems are developed using the planner's characterization results. While positive assortative matching is …
Persistent link: https://www.econbiz.de/10013112639
We study many-to-one matching markets in a dynamic framework with the following features: Matching is irreversible … of strategic behavior in such markets emerges: The side with many slots can manipulate the subsequent matching market in …-to-one matching market as if it were either a static many-to-one or a dynamic one-to-one market? First, we provide sufficient …
Persistent link: https://www.econbiz.de/10012842986
efficient matching of workers to firms. This mechanism can be thought of as operated by a recruitment agency, an employment …
Persistent link: https://www.econbiz.de/10012724521
This paper analyzes a decentralized search and matching economy comprised of heterogeneous agents. The paper looks at a … perfect assortative matching is the unique equilibrium in the limit economy as search frictions disappear …
Persistent link: https://www.econbiz.de/10012732786
This paper considers a frictional market where buyers and sellers, with unit demand and supply, search for trading opportunities. The analysis focuses on explicit search frictions, allows for two-sided incomplete information, and puts no restriction on agent heterogeneity. In this context, a...
Persistent link: https://www.econbiz.de/10012732787
In this paper, I analyze a decentralized search and matching economy with transferable utility comprised of … heterogeneous agents. I explore whether Becker's assortative matching result generalizes to an economy where agents engage in costly … joint production function) lead to assortative matching. This is in contrast to previous literature, which had shown that in …
Persistent link: https://www.econbiz.de/10012779244
private competitive economy, firms and managers form partnerships in an upstream labor (matching) market and then firm …
Persistent link: https://www.econbiz.de/10012902667
largest one among the matchings in which no agent can be better off by itself. We show that, in the one-to-one matching model …, the number of matches in any stable matching is more than or equal to the smallest integer that is not less than half of … the benchmark number. This result is satisfied even if "stable matching" is replaced by "efficient matching". We extend …
Persistent link: https://www.econbiz.de/10012899286
We analyze the effects of taxation in two-sided matching markets, i.e. markets in which all agents have heterogeneous … preferences over potential partners. In matching markets, taxes can generate inefficiency on the allocative margin by changing who …. We use our equivalence to show additional properties of matching markets with taxation and to adapt existing econometric …
Persistent link: https://www.econbiz.de/10012944753
assortative matching. Frictions are commonly understood to hamper sorting. Instead, we show how frictions generate positive … sorting even with a submodular production function. Our results challenge the interpretation of positive assortative matching …
Persistent link: https://www.econbiz.de/10012869756