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Coles, Peter A.; Shorrer, Ran - 2013

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 [25]). In this paper we study a natural form of strategic misrepresentation: reporting a truncation of one's true...

Persistent link: https://www.econbiz.de/10009756282

Pairing games and markets

Alkan, Ahmet; Tuncay, Alparslan - 2014

Pairing Games or Markets studied here are the non-two-sided NTU generalization of assignment games. We show that the Equilibrium Set is nonempty, that it is the set of stable allocations or the set of semistable allocations, and that it has several notable structural properties. We also...

Persistent link: https://www.econbiz.de/10010350435

Equilibrium and matching under price controls

Herings, Peter Jean-Jacques - 2015

The paper considers a one-to-one matching with contracts model in the presence of price controls. This set-up contains two important streams in the matching literature, those with and those without monetary transfers, as special cases and allows for intermediate cases with some restrictions on...

Persistent link: https://www.econbiz.de/10011279692

Bidding for conservation contracts

Di Corato, Luca; Dosi, Cesare; Moretto, Michele - 2014

require long-term commitments. Landowners, however, can decide to prematurely terminate the contract when the opportunity cost … views non-enforcement of contract terms as a source of real-options, the paper offers the following contributions. First, it … play in avoiding such potential bias in contract allocation. …

Persistent link: https://www.econbiz.de/10010380650

Termination fees and contract design in public-private partnerships

Buso, Marco; Dosi, Cesare; Moretto, Michele - 2018

We study the effects of granting an exit option that enables the private party to early terminate a PPP project if it turns out to be loss-making. In a continuous time setting with hidden information about stochastic operating profits, we show that a revenue-maximizing government can optimally...

Persistent link: https://www.econbiz.de/10011925624

Supply contracting under dynamic asymmetric cost informationl

Di Corato, Luca; Moretto, Michele - 2024

We consider a long-term contractual relationship in which a buyer procures a fixed quantity of a product from a supplier and then sells it on the market. The production cost is private information and evolves randomly over time. The solution to this dynamic principal-agent problem involves a...

Persistent link: https://www.econbiz.de/10014478916

Paths to stability in two-sided matching with uncertainty

Lazarova, Emiliya A.; Dimitrov, Dinko - 2013

We consider one-to-one matching problems under two modalities of uncertainty that differ in the way types are assigned to agents. Individuals have preferences over the possible types of the agents from the opposite market side and initially know the "name" but not the "type" of the other...

Persistent link: https://www.econbiz.de/10009702237

Decentralised job matching

Haeringer, Guillaume; Wooders, Myrna Holtz - 2003

This paper studies a decentralised job market model where firms (academic departments) propose sequentially a (unique) position to some workers (Ph.D. candidates). Successful candidates then decide whether to accept the offers, and departments whose positions remain unfilled propose to other...

Persistent link: https://www.econbiz.de/10011593289

Housing prices and credit constraints in competitive search

Díaz, Antonia; Jerez, Belén; Rincón-Zapatero, Juan Pablo - 2019

Persistent link: https://www.econbiz.de/10012159031

Decentralized information and the Walrasian outcome : a pairwise meetings market with private values

Serrano, Roberto; Yosha, Oved - 1995

Persistent link: https://www.econbiz.de/10000918025