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This paper analyzes fairness and bargaining in a dynamic bilateral matching market. Traders from both sides of the …
Persistent link: https://www.econbiz.de/10012648091
This paper analyzes fairness and bargaining in a dynamic bilateral matching market. Traders from both sides of the …
Persistent link: https://www.econbiz.de/10012587476
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
We prove existence of steady-state equilibrium in a class of matching models with search frictions. …
Persistent link: https://www.econbiz.de/10010499806
Using a bi-choice graph technique (Klaus and Klijn, 2009), we show that a matching for a roommate market indirectly … dominates another matching if and only if no blocking pair of the former is matched in the latter (Proposition 1). Using this … von Neumann-Morgenstern farsightedly stable if and only if the matching is stable (Theorem 1). We also present roommate …
Persistent link: https://www.econbiz.de/10013159464
Since no stable matching mechanism can induce truth-telling as a dominant strategy for all participants, there is often … room in matching markets for strategic misrepresentation (Roth). In this paper we study a natural form of strategic …
Persistent link: https://www.econbiz.de/10013081039
We show how frictions and continuous transfers jointly affect equilibria in a model of matching in trading networks …
Persistent link: https://www.econbiz.de/10012212204
unique outcome, the worker-optimal matching …
Persistent link: https://www.econbiz.de/10014073892
Persistent link: https://www.econbiz.de/10001927913
unique outcome, the worker-optimal matching. …
Persistent link: https://www.econbiz.de/10011593289