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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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This paper shows that all perfect Bayesian equilibria of a dynamic matching game with two-sided incomplete information …
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workers distributed between them. We introduce commuting costs and search-matching frictions to deal with the spatial mismatch …
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This paper shows that all perfect Bayesian equilibria of a dynamic matching game with two-sided incomplete information … whole economy where all markets are open. -- Matching and Bargaining ; Search ; Foundations for Perfect Competition ; Two …
Persistent link: https://www.econbiz.de/10008688508
condition. -- Bargaining ; Search ; Matching ; Two-sided Incomplete Information …
Persistent link: https://www.econbiz.de/10008688509
We prove existence of steady-state equilibrium in a class of matching models with search frictions. …
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