Elliott, Matthew L.; Nava, Francesco - In: Theoretical economics : TE ; an open access journal in … 14 (2019) 1, pp. 211-251
This paper studies market clearing in matching markets. The model is non-cooperative, fully decentralized, and in Markov strategies. Workers and firms bargain with each other to determine who will be matched with whom and at what terms of trade. Once a worker-firm pair reach agreement, they exit...