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We study a two-sided matching market with a set of heterogeneous firms and workers in an environment where jobs are … workers are gross substitutes to each firm. It turns out that by introducing job security, stability and efficiency may still …
Persistent link: https://www.econbiz.de/10014255808
Persistent link: https://www.econbiz.de/10011645921
Agents in a finite two-sided market are matched assortatively, based on costly investments. Besides signaling private, complementary types, investments generate direct benefits for partners. We explore quantitative properties of the equilibrium investment behavior. The bilateral external...
Persistent link: https://www.econbiz.de/10011778702
Agents in a finite two-sided market make costly investments and are then matched assortatively based on these investments. Besides signaling complementary types, investments also generate benefits for partners. We shed light on quantitative properties of the equilibrium investment behavior. The...
Persistent link: https://www.econbiz.de/10011758059
Agents in a finite two-sided market make costly investments and are then matched assortatively based on these investments. Besides signaling complementary types, investments also generate benefits for partners. We shed light on quantitative properties of the equilibrium investment behavior. The...
Persistent link: https://www.econbiz.de/10011756485
We give a direct proof of one-sided strategy-proofness for worker-firm matching under continuously transferable utility …
Persistent link: https://www.econbiz.de/10012933003
Agents in a finite two-sided market are matched assortatively, based on costly investments. Besides signaling private, complementary types, investments generate direct benefits for partners. We explore quantitative properties of the equilibrium investment behavior. The bilateral external...
Persistent link: https://www.econbiz.de/10012927514
In many markets, sellers advertise their good with an asking price. This is a price at which the seller is willing to take his good off the market and trade immediately, though it is understood that a buyer can submit an offer below the asking price and that this offer may be accepted if the...
Persistent link: https://www.econbiz.de/10009696885
many agents with low need, there is an unavoidable tradeoff between matching and targeting. In this case, utilitarian … welfare may be maximized by focusing on good matching (if the outside option distribution is light-tailed) or good targeting … (if it is heavy-tailed). Using a common lottery achieves near-optimal matching, while introducing participation costs …
Persistent link: https://www.econbiz.de/10012901937
of two-sided matching contests with incomplete information, in particular for markets of small or moderate size. It also …
Persistent link: https://www.econbiz.de/10012932153