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-off between price and trade probability. We present a novel proof of existence of a unique demand vector in Nash equilibrium …, based on a recursive approach that exploits the monotonicity of matching functions …
Persistent link: https://www.econbiz.de/10013039828
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
Persistent link: https://www.econbiz.de/10014319401
The paper investigates price formation in a decentralized market with random matching. Agents are assumed to have …
Persistent link: https://www.econbiz.de/10010294752
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
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
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
This paper analyses the efficiency of the equilibrium allocation in a matching model with two types of workers and jobs …
Persistent link: https://www.econbiz.de/10010272689
Many commonly used treatment effects estimators rely on the unconfoundedness assumption ("selection on observables") which is fundamentally non-testable. When evaluating the effects of labor market policies, researchers need to observe variables that affect both treatment participation and labor...
Persistent link: https://www.econbiz.de/10010386595
Persistent link: https://www.econbiz.de/10014518672