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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
Verbindungen zwischen ähnlichen Subjekten sind ein häufig beobachtetes Phänomen. Damit solche Sortierungen in einem Suchmodell auftreten, müssen oft jedoch überraschend starke Bedingungen erfüllt sein. Diese Studie zeigt, dass ein um Signale erweitertes Suchmodell sogar vollkommene...
Persistent link: https://www.econbiz.de/10010323818
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 argue that using wage data alone, it is virtually impossible to identify whether Assortative Matching between worker and firm types is positive or negative. In standard competitive matching models the wages are determined by the marginal contribution of a worker, and the marginal contribution...
Persistent link: https://www.econbiz.de/10010269035
weighted sum of their respective multivariate attributes, many papers in the literature have used linear canonical correlation …
Persistent link: https://www.econbiz.de/10010289996
This paper studies the two-sided dynamic matching problem that occurs in the US foster care system. In this market, foster parents and foster children can form reversible matches, which may separate, continue in their reversible state, or transition to permanency via adoption. I first present an...
Persistent link: https://www.econbiz.de/10014540958
This paper studies a decentralized, dynamic matching and bargaining market: buyers and sellers are matched into pairs. Traders exit the market at a constant rate, inducing search costs (frictions). All price offers are made by sellers. Despite the fact that sellers have all the bargaining power...
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 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/10010266300