Showing 1 - 10 of 36,552
This paper shows that all perfect Bayesian equilibria of a dynamic matching game with two-sided incomplete information …
Persistent link: https://www.econbiz.de/10014052931
This paper shows that all perfect Bayesian equilibria of a dynamic matching game with two-sided incomplete information … whole economy where all markets are open. -- Matching and Bargaining ; Search ; Foundations for Perfect Competition ; Two …
Persistent link: https://www.econbiz.de/10008688508
This paper considers a frictional market where buyers and sellers, with unit demand and supply, search for trading opportunities. The analysis focuses on explicit search frictions, allows for two-sided incomplete information, and puts no restriction on agent heterogeneity. In this context, a...
Persistent link: https://www.econbiz.de/10012732787
This paper shows that all perfect Bayesian equilibria of a dynamic matching game with two-sided incomplete information … competitive equilibria. -- Matching and bargaining ; search ; foundations for perfect competition ; two-sided incomplete …
Persistent link: https://www.econbiz.de/10003781441
We prove existence of steady-state equilibrium in a class of matching models with search frictions. …
Persistent link: https://www.econbiz.de/10010499806
This paper analyzes a decentralized search and matching economy comprised of heterogeneous agents. The paper looks at a … perfect assortative matching is the unique equilibrium in the limit economy as search frictions disappear …
Persistent link: https://www.econbiz.de/10012732786
In this paper, I analyze a decentralized search and matching economy with transferable utility comprised of … heterogeneous agents. I explore whether Becker's assortative matching result generalizes to an economy where agents engage in costly … joint production function) lead to assortative matching. This is in contrast to previous literature, which had shown that in …
Persistent link: https://www.econbiz.de/10012779244
The housing rental market offers a unique laboratory for studying price stickiness. This paper is motivated by two facts: 1. Tenants' rents are remarkably sticky even though regular and expected recontracting would, by itself, suggest substantial rent flexibility. 2. Rent stickiness varies...
Persistent link: https://www.econbiz.de/10012955614
In a two-sided search market agents are paired to bargain over a unit surplus. The matching market serves as an … ; Reputation ; Search ; Dynamic Matching ; War-of-Attrition …
Persistent link: https://www.econbiz.de/10008665719
This paper studies asset markets where buyers of assets do not inherit private information from previous owners and must learn asset quality over time. Imperfect information transmission reduces asymmetric information, but also reduces the trading volume, prices and efficiency. This result is...
Persistent link: https://www.econbiz.de/10013005245