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We consider the general many-to-one matching model with ordinal preferences and give a procedure to partition the set … of preference profiles into subsets with the property that all preference profiles in the same subset have the same Core … generate as strict extensions all the (complete) preference profiles with the same Core. This is important for applications …
Persistent link: https://www.econbiz.de/10008498408
-wise stability and Core. We first establish that the Set-wise stable set is contained in the Core and it contains the non-empty set … competitive equilibrium payoffs. Third, for any number of replicas there is a market with a Core payoff that is not a competitive …
Persistent link: https://www.econbiz.de/10008592874
assignment game. We consider the Core, three other notions of group stability and two al- ternative definitions of competitive … equilibrium. We show that (i) each group stable set is closely related with the Core of certain games defined using a proper …
Persistent link: https://www.econbiz.de/10010836477
"This paper analyzes the importance of time aggregation in the measurement of worker flows by exploiting daily information from German administrative data. Time aggregation caused by comparing monthly labor market states leads to an underestimation of total worker flows by around 10%. Contrary...
Persistent link: https://www.econbiz.de/10010592338
"This paper proposes a multi-industry trade model with integrated capital and goods markets. Labor market imperfections in line with Mortensen and Pissarides (1994) give rise to unemployment and a channel for the government to influence markets through institutional changes. Labor market...
Persistent link: https://www.econbiz.de/10010643584
"This paper analyzes the importance of time aggregation in the measurement of worker flows by exploiting daily information from German administrative data. Time aggregation caused by comparing monthly labor market states leads to an underestimation of total worker flows by around 10%. Contrary...
Persistent link: https://www.econbiz.de/10010785503