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We consider an infinite-horizon dynamic matching problem where the agents on one side, say supply side, are long-lived, and those on the other, say demand side, are impatient and will get lost if unmatched upon arrival. The agents on either side are vertically differentiated with a high- or...
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Motivated by the emerging sharing economy, we study an on-demand matching platform that crowdsources a service from independent suppliers and sells it to customers. The platform offers a wage to the supply side and charges a price to the demand side. We consider a set of market conditions, under...
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Problem definition: We consider an intermediary’s problem of dynamically matching demand and supply of heterogeneous types in a periodic-review fashion. Specifically, there are two disjoint sets of demand and supply types, and a reward for each possible matching of a demand type and a supply...
Persistent link: https://www.econbiz.de/10014036196
We study a dynamic market over a finite horizon for a single product or service in which buyers with private valuations and sellers with private supply costs arrive following Poisson processes. A single market-making intermediary decides dynamically on the ask and bid price that will be posted...
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