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Persistent link: https://www.econbiz.de/10012064475
Steady state equilibria in heterogeneous agent matching models with search frictions have been shown to exist in Shimer and Smith (2000} under the assumption of a quadratic search technology. We extend their analysis to the commonly investigated linear search technology
Persistent link: https://www.econbiz.de/10014211538
We show that a solution to the problem of mechanism selection by an informed principal exists in a large class of environments with “generalized private values”: the agents’ payoff functions are independent of the principal’s type. The solution is an extension of Maskin and Tirole’s...
Persistent link: https://www.econbiz.de/10011689318
This dissertation examines a natural signaling mechanism in a two-sided matching market between firms and workers. We consider a basic game of incomplete information. Each agent knows her own preferences over matches, but uncertain about other agent preferences. Each worker can send a limited...
Persistent link: https://www.econbiz.de/10009449999