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unique outcome, the worker-optimal matching. …
Persistent link: https://www.econbiz.de/10011325139
Suppose that the agents of a matching market contact each other randomly and form new pairs if is in their interest …. Does such a process always converge to a stable matching if one exists? If so, how quickly? Are some stable matchings more …. The second part of the paper proposes new techniques to analyse the behaviour of matching markets. We introduce the Stable …
Persistent link: https://www.econbiz.de/10010494477
We prove existence of steady-state equilibrium in a class of matching models with search frictions. …
Persistent link: https://www.econbiz.de/10011390707
In subsistence economies with general convex technology and rational optimising agents, a new, axiomatic approach is developed, which allows an explicit analysis of the core positive and normative intuitions behind the concept of exploitation. Three main new axioms, called Labour Exploitation in...
Persistent link: https://www.econbiz.de/10010280738
This paper studies a decentralized, dynamic matching and bargaining market: buyers and sellers are matched into pairs …
Persistent link: https://www.econbiz.de/10010264835
This paper shows that all perfect Bayesian equilibria of a dynamic matching game with two-sided incomplete information …
Persistent link: https://www.econbiz.de/10010266300
Steady state equilibria in heterogeneous agent matching models with search frictions have been shown to exist in Shimer …
Persistent link: https://www.econbiz.de/10010270012
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/10010273653
This paper shows that all perfect Bayesian equilibria of a dynamic matching game with two-sided incomplete information …
Persistent link: https://www.econbiz.de/10010273660
It is known that in two-sided many-to-many matching markets, pair-wise stability is not logically related with the … (weak) core, unlike in many-to-one matching markets (Blair, 1988). In this paper, we seek a theoretical foundation for …-partner matching problem that includes two-sided matching problems as special cases. Under the same preference restriction, we also …
Persistent link: https://www.econbiz.de/10011325144