Showing 1 - 10 of 808
We provide three alternative characterizations of the proportional solution defined on compact and comprehensive bargaining problems with claims that are not necessarily convex. One characterization result is obtained by using, together with other standard axioms, two solidarity axioms. Another...
Persistent link: https://www.econbiz.de/10003740331
I study intermediation in networked markets using a stochastic model of multilateral bargaining in which traders compete on different routes through the network. I characterize stationary equilibrium payoffs as the fixed point of a set of intuitive value function equations and study efficiency...
Persistent link: https://www.econbiz.de/10010403606
We propose a dynamic model of decentralized many-to-one matching in the context of a competitive labor market. Through …
Persistent link: https://www.econbiz.de/10011453256
are no transaction costs, the outcome of this matching and bargaining game should be the unique competitive equilibrium … equilibrium that survives is the unique competitive outcome. This will be done both for the random matching and for the voluntary … matching models. Thus the paper demonstrates that complexity costs might have a role in providing a justification for the …
Persistent link: https://www.econbiz.de/10014040080
This paper studies a decentralized, dynamic matching and bargaining market: buyers and sellers are matched into pairs …
Persistent link: https://www.econbiz.de/10014219803
and a matching device, where each player does not choose which pure strategy to play, but instead chooses a nonempty … subset of his strategy set that he submits to the matching device. The matching device is a very simple one. It only selects … that they neither use the option of fuzzy play, nor make use of the matching device …
Persistent link: https://www.econbiz.de/10014121371
dates in two-sided matching markets inspired by the entry-level professional labor markets for medical interns in Britain … acceptance mechanism in preventing early contracts in the experiment although it performs better than the priority matching …
Persistent link: https://www.econbiz.de/10014124279
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 …
Persistent link: https://www.econbiz.de/10013021278
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 …
Persistent link: https://www.econbiz.de/10013029128
allocations that are similar to those with random matching and bargaining, but with different comparative static and welfare … environments with divisible goods and indivisible money, and compare the results with those in models that use random matching and …
Persistent link: https://www.econbiz.de/10012987706