Matching Externalities and Inventive Productivity
نویسندگان
چکیده
منابع مشابه
Matching with aggregate externalities
Certain aggregate externalities, like those due to knowledge and public goods, do not change very much in response to changes in two individuals’ actions. Thus, individuals rationally regard the level of the externality as fixed in their negotiations with each other. We leverage this observation to develop a general framework for the existence of stablematchings inmoderately sized one-to-onemat...
متن کاملMatching with Externalities
We incorporate externalities into the stable matching theory of two-sided markets: We establish the existence of stable matchings provided that externalities are positive and agents’ choices satisfy substitutability, and we show that the standard insights of matching theory, such as the existence of side optimal stable matchings and the rural hospitals theorem, remain valid despite the presence...
متن کاملOn Network Externalities and Productivity Gains
In the last decade the role of communications networks such as the Internet, mobile telephone networks, and satellite communications systems in the world economy has been widely discussed. It is increasingly recognized that the growing connectivity of individuals and organizations is achieved through improved communications networks and a consequent increase in the flow of business transactions...
متن کاملExternalities, Endogenous Productivity, and Poverty Traps
We present a version of the neoclassical model with an endogenous industry structure. We obtain multiple steady-state equilibria with an arbitrarily small degree of increasing returns to scale. While the most productive rms operate across all the steady states, in a poverty trap less productive rms operate as well. This results in lower average rm productivity and total factor productivity. ...
متن کاملMatching Games with Additive Externalities
Two-sided matchings are an important theoretical tool used to model markets and social interactions. In many real life problems the utility of an agent is influenced not only by their own choices, but also by the choices that other agents make. Such an influence is called an externality. Whereas fully expressive representations of externalities in matchings require exponential space, in this pa...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2007
ISSN: 1556-5068
DOI: 10.2139/ssrn.975480