Similar Search Results

Cai, Xiaoming; Gautier, Pieter; Wolthoff, Ronald - 2024

when locations are similar (in which case the aggregate matching function is urn-ball) but that quality weighted trade can …

Persistent link: https://www.econbiz.de/10014496539

Preopening and equilibrium selection

Calcagno, Riccardo; Lovo, Stefano M. - 2010

We introduce a form of pre-play communication that we call preopening. During the preopening, players announce their tentative actions to be played in the underlying game. Announcements are made using a posting system which is subject to stochastic failures. Posted actions are publicly...

Persistent link: https://www.econbiz.de/10011380033

Competitive search with private information : can price signal quality?

Albrecht, James W.; Cai, Xiaoming; Gautier, Pieter; … - 2024

This paper considers competitive search equilibrium in a market for a good whose quality differs across sellers. Each seller knows the quality of the good that he or she is offering for sale, but buyers cannot observe quality directly. We thus have a "market for lemons" with competitive search...

Persistent link: https://www.econbiz.de/10015053938

Search frictions, competing mechanisms and optimal market segmentation

Cai, Xiaoming; Gautier, Pieter; Wolthoff, Ronald - 2016

In a market in which sellers compete for heterogeneous buyers by posting mechanisms, we analyze how the properties of the meeting technology affect the allocation of buyers to sellers. We show that a separate submarket for each type of buyer is the efficient outcome if and only if meetings are...

Persistent link: https://www.econbiz.de/10011479787

Multiple applications, competing mechanisms, and market power

Albrecht, James W.; Cai, Xiaoming; Gautier, Pieter; … - 2019

We consider a labor market with search frictions in which workers make multiple applications and firms can post and commit to general mechanisms that may be conditioned both on the number of applications received and on the number of offers received by its candidate. When the contract space...

Persistent link: https://www.econbiz.de/10012057140

On the foundations of competitive search equilibrium with and without market makers

Albrecht, James W.; Cai, Xiaoming; Gautier, Pieter; … - 2021

The literature offers two foundations for competitive search equilibrium, a Nash approach and a market-maker approach. When each buyer visits only one seller (or each worker makes only one job application), the two approaches are equivalent. However, when each buyer visits multiple sellers, this...

Persistent link: https://www.econbiz.de/10012591528

Transfers and exchange-stability in two-sided matching problems

Lazarova, Emiliya A.; Borm, Peter; Estévez-Fernández, … - 2014

In this paper we consider one-to-many matching problems where the preferences of the agents involved are represented by … matching to a matching of maximum total reward, one can always provide a compensation schedule that will be ex-post stable in … uses the fact that the core of an associated compensation matching game with constraints is nonempty. …

Persistent link: https://www.econbiz.de/10010373726

Equilibrium directed search with multiple applications

Albrecht, James W.; Gautier, Pieter; Vroman, Susan B. - 2005

We analyse a model of equilibrium directed search in a large labour market. Each worker, observing the wages posted at all vacancies, makes a fixed, finite number of applications, a. We allow for the possibility of ex post competition should more than one vacancy want to hire the same worker....

Persistent link: https://www.econbiz.de/10011332815

Simultaneous search with heterogeneous firms and ex post competition

Gautier, Pieter; Wolthoff, Ronald - 2006

matching rate in the high-productivity sector can then be realized with fewer applications (and consequently fewer coordination …

Persistent link: https://www.econbiz.de/10011348699

Simultaneous search and network efficiency

Gautier, Pieter; Holzner, Christian - 2011

Persistent link: https://www.econbiz.de/10009720781