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Uniqueness of Equilibrium in Directed Search Models
Kim, Jaehong - 2015
We study a decentralized trading model as in Peters (1984), where a finite number of heterogeneous capacity-constrained sellers compete for a finite number of homogeneous buyers, by posting prices. This "directed search" model is known to admit symmetric equilibria; yet, uniqueness has proved...
Persistent link: https://www.econbiz.de/10013031326
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Motivated sellers in the housing market
Selcuk, Cemil - 2010
We present a search-and-matching model of the housing market where potential buyers' willingness to pay is private …
Persistent link: https://www.econbiz.de/10010288769
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Serial Dictatorship vs. Nash in Assessing Pareto Optimality in Many-to-Many Matchings With an Application in Water Management
Xepapadeas, Petros - 2022
, we study serial dictatorship and competitive matching with simultaneous choices, which is basically a generalized Nash …
Persistent link: https://www.econbiz.de/10014241905
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Vacancy Matching and Labor Market Conditions
Stadin, Karolina - Nationalekonomiska Institutionen, Uppsala Universitet - 2012
the number of unemployed are not very important. Matching frictions are more important for employment during booms than …
Persistent link: https://www.econbiz.de/10010699694
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Vacancy matching and labor market conditions
Stadin, Karolina - 2012
the number of unemployed are not very important. Matching frictions are more important for employment during booms than …
Persistent link: https://www.econbiz.de/10010321379
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Fairness, Price Stickiness, and History Dependence in Decentralized Trade
Korth, Christian; Napel, Stefan - 2009
The paper investigates price formation in a decentralized market with random matching. Agents are assumed to have …
Persistent link: https://www.econbiz.de/10010294752
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Centralized Matching with Incomplete Information
Fernandez, Marcelo Ariel; Rudov, Kirill; Yariv, Leeat - 2021
We study the impacts of incomplete information on centralized one-to-one matching markets. We focus on the commonly …
Persistent link: https://www.econbiz.de/10013244540
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Fairness, price stickiness, and history dependence in decentralized trade
Korth, Christian; Napel, Stefan - 2008
The paper investigates price formation in a decentralized market with random matching. Agents are assumed to have … to be mitigated rather than exacerbated by friction. -- random matching ; price stickiness ; social preferences ; history …
Persistent link: https://www.econbiz.de/10009746786
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Fairness, price stickiness, and history dependence in decentralized trade
Korth, Christian; Napel, Stefan - 2009
The paper investigates price formation in a decentralized market with random matching. Agents are assumed to have … to be mitigated rather than exacerbated by friction. -- random matching ; price stickiness ; social preferences ; history …
Persistent link: https://www.econbiz.de/10003843416
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When do Systematic Gains Uniquely Determine the Number of Marriages between Different Types in the Choo-Siow matching model? Sufficient Conditions for a Unique Equilibrium
Decker, Colin - 2010
gumbel distributed stochastic part, and derived its equilibrium output, a marriage match- ing function. The marriage matching … work is the issue of existence and uniqueness of equilibrium. We resolve this question in the affirmative, assuming the …
Persistent link: https://www.econbiz.de/10009455387