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diversify the composition of the teams, ruling out positive assortative matching. This diversification leads to negative …We analyze the optimal allocation of experts to teams, where experts differ in the precision of their information, and … assortative matching when teams consist of pairs of experts. And when experts' signals are conditionally independent, all teams …
Persistent link: https://www.econbiz.de/10011855895
We extend the search-matching model of the marriage market of Shimer and Smith (2000) to allow for labor supply and home production. We characterize the steadystate equilibrium when exogenous divorce is the only source of risk. We study nonparametric identification using cross-section data on...
Persistent link: https://www.econbiz.de/10009715111
When agents do not know where to find a match, they search. However, agents could direct their search to agents who strategically choose a certain signal. Introducing cheap talk to a model of sequential search with bargaining, we find that signals will be truthful if there are mild...
Persistent link: https://www.econbiz.de/10010128388
Persistent link: https://www.econbiz.de/10014258994
We study a strategic model of dynamic trading where agents are asymmetrically informed over common value sources of uncertainty. There is a continuum of buyers and a finite number n of sellers. All buyers are uninformed, while at least one seller is privately informed about the true state of the...
Persistent link: https://www.econbiz.de/10002401711
The study of auditor client management negotiations dates back twenty years with the publication of the first analytical model of negotiations in 1991. However, that article made next to no impact until Gibbins, Salterio and their later collaborators began a research program on auditor-client...
Persistent link: https://www.econbiz.de/10014175250
This paper considers a marriage market with two-sided search and transferable utility in which the match payoff depends on age. It characterizes a set of payoff functions consistent with two salient marriage age patterns, (1) assortative matching by age, and (2) “differential age matching,”...
Persistent link: https://www.econbiz.de/10014177056
In this paper, I analyze a general equilibrium on-the-job search model with endogenous search intensity and heterogenous workers and firms. I provide proof of existence and uniqueness of steady state equilibrium. In equilibrium equally efficient search on and off the job and supermodularity of...
Persistent link: https://www.econbiz.de/10014049092
This paper shows that all perfect Bayesian equilibria of a dynamic matching game with two-sided incomplete information of independent private values variety converge to competitive equilibria. Buyers purchase a bundle of heterogeneous, indivisible goods and sellers own one unit of an indivisible...
Persistent link: https://www.econbiz.de/10014052931
The regularity with which peace deals break down and civil wars resume is well established. This briefing looks at the factors that drive violent conflicts, and the factors that may undermine peace deals, including those brokered and supported by international third parties. For peace to last,...
Persistent link: https://www.econbiz.de/10014214496