Author: Jaerim ChoiPublisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
Two-sided Heterogeneity, Endogenous Sharing, and International Matching Markets
Author: Jaerim ChoiTwo-sided Matching in International Markets
Author: Jaerim ChoiPublisher:
ISBN: 9780438290457
Category :
Languages : en
Pages :
Book Description
The central theme of this dissertation is answering the distributional impacts of globalization on heterogeneous agents through the lens of the two-sided matching framework. In chapter one, I develop a matching framework of offshoring in which offshoring is defined as a cross-country many-to-one matching between workers and managers with complementary production technology. I embed the matching framework into two countries and two tasks with a continuum of skills to study the distributional effects of offshoring. Offshoring affects the matching mechanism, and thereby it changes inequality through differential distributional impacts between-task and within-task in each country. Combining data from the U.S. Bureau of Economic Analysis, the U.S. Bureau of Labor Statistics, and the U.S. American Community Survey from 2002 to 2011, I provide empirical evidence that validates key predictions in the model.Chapter two develops a multi-country, multi-sector, and multi-factor with a two-sided one-to-one matching model. I demonstrate that the sharing rule of each two-person bargaining problem is endogenously determined in each matching market that is linked to an interdependent network structure of a world economy, which breaks away from competitive marginal productivity theories of factor returns. Using this new theoretical framework, I derive several predictions, notably characterized by network effects, that shed some light on consequences of globalization. The last chapter, joint with Ji Hyun Park, develops a model of worker-firm matching and endogenous occupation choice of workers to study the distributional effects of immigration on native workers. Immigration induces some natives to switch their occupation from a worker in the manufacturing sector to a researcher in the research sector. Within each sector, natives are paired up with firms with higher productivities after immigration. The combined effects yield higher inequality because more skilled workers benet more from this re-sorting and re-matching process. Using Census and IPUMS American Community Survey over the period 1980-2010, we validate the model's predictions by exploiting the variation of stock of immigration across commuting zone-year.
On decentralized two-sided matching markets
Author: Maria Joana Dantas Vaz PaisPublisher:
ISBN:
Category :
Languages : en
Pages : 88
Book Description
Handbook of Industrial Organization
Author: Richard SchmalenseePublisher: North Holland
ISBN:
Category : Business & Economics
Languages : en
Pages : 1002
Book Description
Determinants of firm and market organization; Analysis of market behavior; Empirical methods and results; International issues and comparision; government intervention in the Marketplace.
Essays on the Analysis and Implications of Two-sided Matching Markets
Author: James W. BoudreauDecentralized Matching Markets with Endogenous Salaries
Author: Two-Sided Market, R&D and Payments System Evolution
Author: Bin Grace LiPublisher: International Monetary Fund
ISBN: 1484399625
Category : Business & Economics
Languages : en
Pages : 48
Book Description
It takes many years for more efficient electronic payments to be widely used, and the fees that merchants (consumers) pay for using those services are increasing (decreasing) over time. We address these puzzles by studying payments system evolution with a dynamic model in a twosided market setting. We calibrate the model to the U.S. payment card data, and conduct welfare and policy analysis. Our analysis shows that the market power of electronic payment networks plays important roles in explaining the slow adoption and asymmetric price changes, and the welfare impact of regulations may vary significantly through the endogenous R&D channel.
Mechanisms, Preferences, and Heterogeneity in Matching Markets
Author: Nadja Stroh-MaraunPublisher:
ISBN:
Category : Markets
Languages : en
Pages :
Book Description
Two-Sided Matching
Author: Alvin E. RothPublisher: Cambridge University Press
ISBN: 1107782430
Category : Business & Economics
Languages : en
Pages : 288
Book Description
Two-sided matching provides a model of search processes such as those between firms and workers in labor markets or between buyers and sellers in auctions. This book gives a comprehensive account of recent results concerning the game-theoretic analysis of two-sided matching. The focus of the book is on the stability of outcomes, on the incentives that different rules of organization give to agents, and on the constraints that these incentives impose on the ways such markets can be organized. The results for this wide range of related models and matching situations help clarify which conclusions depend on particular modeling assumptions and market conditions, and which are robust over a wide range of conditions. 'This book chronicles one of the outstanding success stories of the theory of games, a story in which the authors have played a major role: the theory and practice of matching markets ... The authors are to be warmly congratulated for this fine piece of work, which is quite unique in the game-theoretic literature.' From the Foreword by Robert Aumann
Search Externalities in Firm-to-Firm Trade
Author: John SprayPublisher: International Monetary Fund
ISBN: 151357261X
Category : Business & Economics
Languages : en
Pages : 80
Book Description
I develop a model of firm-to-firm search and matching to show that the impact of falling trade costs on firm sourcing decisions and consumer welfare depends on the relative size of search externalities in domestic and international markets. These externalities can be positive if firms share information about potential matches, or negative if the market is congested. Using unique firm-to-firm transaction-level data from Uganda, I document empirical evidence consistent with positive externalities in international markets and negative externalities in domestic markets. I then build a dynamic quantitative version of the model and show that, in Uganda, a 25% reduction in trade costs led to a 3.7% increase in consumer welfare, 12% of which was due to search externalities.