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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...
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We present a model that generates empirically plausible price distributions in directed search equilibrium. There are many identical buyers and many identical capacity-constrained sellers who post prices. These prices can be renegotiated to some degree and the outcome depends on the number of...
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We study many-to-one matching markets in a dynamic framework with the following features: Matching is irreversible … of strategic behavior in such markets emerges: The side with many slots can manipulate the subsequent matching market in …-to-one matching market as if it were either a static many-to-one or a dynamic one-to-one market? First, we provide sufficient …
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explanations for) positive assortative matching. …
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