Showing 1 - 10 of 32
This paper studies a stability notion and matching processes in the job market with incomplete information on the workers' side. Each worker is associated with a type, and each firm cares about the type of her employee under a match. Moreover, firms' information structure is described by...
Persistent link: https://www.econbiz.de/10012159014
Persistent link: https://www.econbiz.de/10014545416
This paper extends the Bayesian stability notion of Liu (2020) to define the Bayesian stability of a market state , which consists of a matching outcome and an information structure. Here, the information structure can be arbitrarily heterogeneous among agents. We first establish that Liu’s...
Persistent link: https://www.econbiz.de/10014242736
Persistent link: https://www.econbiz.de/10009621858
Persistent link: https://www.econbiz.de/10014382224
We study the robustness of interim correlated rationalizability to perturbations of higher-order beliefs. We introduce a new metric topology on the universal type space, called uniform weak topology, under which two types are close if they have similar first-order beliefs, attach similar...
Persistent link: https://www.econbiz.de/10014202241
Persistent link: https://www.econbiz.de/10014339382
Persistent link: https://www.econbiz.de/10014371733
Persistent link: https://www.econbiz.de/10012819869
Persistent link: https://www.econbiz.de/10003894733