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Buyer’s equilibrium with capacity constraints and restricted mobility: A recursive approach
Camera, Gabriele; Kim, Jaehong - In: Economics Letters 118 (2013) 2, pp. 321-323
, based on a recursive approach that exploits the monotonicity of matching functions. …
Persistent link: https://www.econbiz.de/10010608098
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Buyer's Equilibrium with Capacity Constraints and Restricted Mobility: a Recursive Approach
Camera, Gabriele; Kim, Jaehong - Economic Science Institute (ESI), Argyros School of … - 2012
, based on a recursive approach that exploits the monotonicity of matching functions. …
Persistent link: https://www.econbiz.de/10010817426
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Dynamic Directed Search
Camera, Gabriele; Kim, Jaehong - Economic Science Institute (ESI), Argyros School of … - 2015
The directed search model (Peters, 1984) is static; its dynamic extensions typically restrict strategies, often assuming price or match commitments. We lift such restrictions to study equilibrium when search can be directed over time, without constraints and at no cost. In equilibrium trade...
Persistent link: https://www.econbiz.de/10011206196
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Price Dispersion with Directed Search
Camera, Gabriele - 2014
We present a model that generates empirically plausible price distributions in directed search equilibrium. There are many identical buyers and many identical capacity-constrained sellers who post prices. These prices can be renegotiated to some degree and the outcome depends on the number of...
Persistent link: https://www.econbiz.de/10013039814
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Buyer's Equilibrium with Capacity Constraints and Restricted Mobility : A Recursive Approach
Camera, Gabriele - 2014
, based on a recursive approach that exploits the monotonicity of matching functions …
Persistent link: https://www.econbiz.de/10013039828
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Dynamic Many-to-One Matching
Altinok, Ahmet - 2020
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
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Motivated sellers in the housing market
Selcuk, Cemil - 2010
We present a search-and-matching model of the housing market where potential buyers' willingness to pay is private …
Persistent link: https://www.econbiz.de/10010288769
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Price Dispersion with Directed Search.
Camera, Gabriele; Selcuk, Cemil - Krannert School of Management, Purdue University - 2004
We study a market where identical capacity-constrained sellers compete to attract identical buyers, via price advertisements. Once buyers reach a store, prices might be renegotiable in a manner that is responsive to excess demand. We focus strongly symmetric equilibria, proving their existence...
Persistent link: https://www.econbiz.de/10005616535
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Price Dispersion with Directed Search
Camera, Gabriele; Selcuk, Cemil - In: Journal of the European Economic Association 7 (2009) 6, pp. 1193-1224
We present a model that generates empirically plausible price distributions in directed search equilibrium. There are many identical buyers and many identical capacity-constrained sellers who post prices. These prices can be renegotiated to some degree and the outcome depends on the number of...
Persistent link: https://www.econbiz.de/10010558826
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Equilibrium Wage and Employment Dynamics in a Model of Wage Posting Without Commitment
Coles, Melvyn G. - 2011
A rich but tractable variant of the Burdett-Mortensen model of wage setting behavior is formulated and a dynamic market equilibrium solution to the model is defined and characterized. In the model, firms cannot commit to wage contracts. Instead, the Markov perfect equilibrium to the wage setting...
Persistent link: https://www.econbiz.de/10013121547