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Author: Marina Agranov Publisher: ISBN: Category : Languages : en Pages :
Book Description
We experimentally study decentralized one-to-one matching markets with transfers. We vary the information available to participants, complete or incomplete, and the surplus structure, supermodular or submodular. Several insights emerge. First, while markets often culminate in efficient matchings, stability is more elusive, reflecting the difficulty of arranging attendant transfers. Second, incomplete information and submodularity present hurdles to efficiency and especially stability; their combination drastically diminishes stability's likelihood. Third, matchings form "from the top down" in complete-information supermodular markets, but exhibit many more and less-obviously ordered offers otherwise. Last, participants' market positions matter far more than their dynamic bargaining styles for outcomes.
Author: Marina Agranov Publisher: ISBN: Category : Languages : en Pages :
Book Description
We experimentally study decentralized one-to-one matching markets with transfers. We vary the information available to participants, complete or incomplete, and the surplus structure, supermodular or submodular. Several insights emerge. First, while markets often culminate in efficient matchings, stability is more elusive, reflecting the difficulty of arranging attendant transfers. Second, incomplete information and submodularity present hurdles to efficiency and especially stability; their combination drastically diminishes stability's likelihood. Third, matchings form "from the top down" in complete-information supermodular markets, but exhibit many more and less-obviously ordered offers otherwise. Last, participants' market positions matter far more than their dynamic bargaining styles for outcomes.
Author: Paul Brown Publisher: Goal Post ISBN: 0995541221 Category : Sports & Recreation Languages : en Pages : 300
Book Description
How did we become football fans? Savage Enthusiasm traces the evolution of the football fan from the sport's earliest origins right up to the present day, exploring how football became the world's most popular spectator sport, and why it became the undisputed game of the people.
Author: Marina Agranov
Author: Marina Agranov
Author: Carnegie Foundation for the Advancement of Teaching
Author: Paul Brown
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Author: John Henry Walsh
Author: United States. Securities and Exchange Commission
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