Showing 51 - 60 of 83,886
We propose an alternative notion of non-transferable utility (NTU) stability in matching models that relies on money …
Persistent link: https://www.econbiz.de/10012854845
We propose a parsimonious matching model where people's choice of whom to meet endogenizes the degree of randomness in … matching. The analysis highlights the interaction between a productive motive, driven by the surplus attainable in a match, and …
Persistent link: https://www.econbiz.de/10012854989
Using a tractable structural model of the matching equilibrium between underwriters and equity issuing firms, we study … underwriters utilize greater underpricing to reward investment clients, which became significantly positive only after 1990 …
Persistent link: https://www.econbiz.de/10012856728
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/10013024927
in a generalized job matching model …
Persistent link: https://www.econbiz.de/10012922503
When is the level of entry of buyers or sellers efficient in markets with search and matching frictions? This paper … generalizes the well-known Hosios condition for constrained efficiency to a wide range of dynamic search and matching environments …: entry is constrained efficient when buyers' surplus share equals the matching elasticity plus the surplus elasticity (i …
Persistent link: https://www.econbiz.de/10012928150
We consider a hybrid model at the intersection of the standard two-sided matching market as proposed by Gale and … if this structure shares similarities with the classical two-sided matching framework, we show an important difference …. However, we show that, in this housing market framework, there always exists a Pareto-efficient matching that is not blocked …
Persistent link: https://www.econbiz.de/10012932057
We study dynamic matching in an infinite-horizon stochastic market. While all agents are potentially compatible with … on the limit of waiting time of agents under myopic policies that differ in matching technology and prioritization ….We find that when hard-to-match agents arrive less frequently than easy-to-match ones (i) bilateral matching is almost as …
Persistent link: https://www.econbiz.de/10012932177
We give a direct proof of one-sided strategy-proofness for worker-firm matching under continuously transferable utility …
Persistent link: https://www.econbiz.de/10012933003
We investigate the effect of search frictions on labor market sorting by constructing a model which is in line with recent evidence that employers collect a pool of applicants before interviewing a subset of them. In this environment, we derive the necessary and sufficient conditions for sorting...
Persistent link: https://www.econbiz.de/10012581332