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optimal for the seller to do away with any matching considerations and allocate the contract on the basis of price alone. If … matching is sufficiently important to the seller, the optimal mechanism may be implemented without commitment. However, if … matching is not sufficiently important, the seller suffers a loss when he is unable to commit. The magnitude of this loss …
Persistent link: https://www.econbiz.de/10008490104
In many auctions, matching between the bidder and seller raises the value of the contract for both parties. However … depresses bids. The more matching matters, the greater the penalty associated with observing the matches. …
Persistent link: https://www.econbiz.de/10008532170
A tanulmány célja az értékpapírok esetében leggyakrabban alkalmazott két aukciós technika (az egyenáras és a diszkriminatív áras aukció) összehasonlító elemzése. A szakirodalom elsősorban az aukció várható bevétele szempontjából elemzi a módszereket. Az elméleti...
Persistent link: https://www.econbiz.de/10011258696
der Probleme auf dem Arbeitsmarkt zu sein. Um Deutschland wettbewerbsfähig zu halten, versuchen die politischen … schaffen. Doch wie effizient sind diese Reformen und wie wirken sie auf den Arbeitsmarkt? Welche Rolle spielen dabei die … auf dem Arbeitsmarkt sollen die Wirkungen der Arbeitslosenversicherung kausal darstellen. Konjunkturbedingte Veränderungen …
Persistent link: https://www.econbiz.de/10008622251
This paper defines a notion of semi-stability for matching problem with couples, which is a natural generalization of …, and further identical to, the conventional stability for matching without couples. It is shown that there always exists a … semi-stable matching for couples markets with strict preferences, and the set of semi-stable matchings can be partitioned …
Persistent link: https://www.econbiz.de/10011113792
to do so, we identify the matching rule used by the Ministry using the information available to the candidates. The … structure of the algorithm that produce the final matching is also analyzed. Finally, we discuss the existence of quotas on …
Persistent link: https://www.econbiz.de/10005836801
In a menu auction, players submit bids for all choices the auctioneer A can make, and A then makes the choice that … maximizes the sum of bids. In a binomial menu auction (BMA), players submit acceptance sets (indicating which choices they would …
Persistent link: https://www.econbiz.de/10008836766
This paper introduces a model of efficiency-wage competition along the lines put forward by Hahn (1987). Specifically, I analyse a two-firm economy in which employers screen their workforce by means of increasing wage offers competing one another for high-quality employees. The main results are...
Persistent link: https://www.econbiz.de/10011109551
This paper accounts for work sharing and unemployment in an efficiency wage model.The Solow condition holds when working hours are exogenous. Under the assumption of endogeneity and using general forms for the effort and cost functions, we prove that work sharing may have a reducing impact on...
Persistent link: https://www.econbiz.de/10011110886
Heterogeneous firms facing demand-induced price fluctuations imperfectly compete for heterogeneous workers. It is shown that unemployment may arise in equilibrium because of the combination of uncertainty on product price and mismatch between workers’ skills and firms’ job requirements.
Persistent link: https://www.econbiz.de/10011260291