Sustainable Matching Plans with Adverse Selection
نویسندگان
چکیده
منابع مشابه
Matching markets with adverse selection
This paper considers a market with adverse selection in the spirit of Rothschild and Stiglitz (Quart. J. Econ. 90 (1976) 629). The major departure from existing approaches is that we model a decentralized market that is open-ended and constantly refilled by new participants, e.g., by new workers and firms in the case of a labor market. The major novelty of this approach is that the distribution...
متن کاملTitle : Matching Markets with Adverse Selection
This paper considers a market with adverse selection in the spirit of Rothschild and Stiglitz [20]. The major departure from existing approaches is that we model a decentralized market that is open-ended and constantly refilled by new participants, e.g., by new workers and firms in the case of a labor market. The major novelty of this approach is that the distribution of types in the market bec...
متن کاملSustainable Plans
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متن کاملAdverse selection in dynamic matching markets
We study the Akerlofian adverse selection problem in a dynamic matching model where the competitive situation varies across different meetings. The 'lemons principle' is shown to limit the high quality sales within a wider range of quality distributions than in the Walrasian benchmark. High quality goods can nevertheless be traded, albeit less frequently than the low quality goods. For certain ...
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In crowdsourcing systems, the mechanism designer aims to repeatedly match a set of tasks of varying qualities (high quality tasks generate high revenue), which are known to the designer, to a set of agents of varying qualities (high quality agents generate high revenue), which are unknown to the designer and to the agents themselves, such that the overall system performance (e.g. total revenue)...
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ژورنال
عنوان ژورنال: Games and Economic Behavior
سال: 1995
ISSN: 0899-8256
DOI: 10.1006/game.1995.1004