Unraveling in a dynamic matching market with Nash bargaining

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Unraveling in a dynamic matching market with Nash bargaining

Author Info

Frederick Chen () (Department of Economics, Wake Forest University)

Abstract

Equilibrium sorting in a finite-horizon, two-sided matching market with heterogeneous agents is considered. It is shown that, if the match production function is additively separable in agent-types and if the division of match output is determined by the Nash bargaining solution, then an unraveling of the market obtains as the unique equilibrium in which all matches are formed in the first period.

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Article provided by Economics Bulletin in its journal Economics Bulletin.

Volume (Year): 3 (2003)
Issue (Month): 17 ()
Pages: 1-6
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Handle: RePEc:ebl:ecbull:v:3:y:2003:i:17:p:1-6

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Find related papers by JEL classification:
C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory

References listed on IDEAS
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Li, Hao & Rosen, Sherwin, 1998. "Unraveling in Matching Markets," American Economic Review, American Economic Association, vol. 88(3), pages 371-87, June. [Downloadable!] (restricted)
Damiano, Ettore & Li, Hao & Suen, Wing, 2004. "Unraveling of Dynamic Sorting," Micro Theory Working Papers damiano-04-08-11-03-02-02, Microeconomics.ca Website, revised 11 Aug 2004. [Downloadable!]
Other versions:
- Ettore Damiano & Hao Li, 2004. "Unraveling of Dynamic Sorting," 2004 Meeting Papers 174, Society for Economic Dynamics. [Downloadable!]
- Ettore Damiano & Hao Li, 2004. "Unraveling of Dynamic Sorting," Econometric Society 2004 Latin American Meetings 72, Econometric Society. [Downloadable!]
- Ettore Damiano, 2005. "Unravelling of Dynamic Sorting," Review of Economic Studies, Blackwell Publishing, vol. 72(4), pages 1057-1076, October. [Downloadable!] (restricted)
Robert Shimer & Lones Smith, 2000. "Assortative Matching and Search," Econometrica, Econometric Society, vol. 68(2), pages 343-370, March.
Other versions:
- Shimer, R. & Smith, L., 1997. "Assortative Matching and Search," Working papers 97-2a, Massachusetts Institute of Technology (MIT), Department of Economics.
- Shimer, R. & Smith, L., 1997. "Assortative Matching and Search," Working papers 97-2b, Massachusetts Institute of Technology (MIT), Department of Economics.
- Shimer, R. & Smith, L., 1998. "Assortive Matching and Search," Papers 98-09, Michigan - Center for Research on Economic & Social Theory.
Hao Li & Wing Suen, 2000. "Risk Sharing, Sorting, and Early Contracting," Journal of Political Economy, University of Chicago Press, vol. 108(5), pages 1058-1087, October. [Downloadable!] (restricted)
Lones Smith, 2006. "The Marriage Model with Search Frictions," Journal of Political Economy, University of Chicago Press, vol. 114(6), pages 1124-1146, December. [Downloadable!] (restricted)
Becker, Gary S, 1973. "A Theory of Marriage: Part I," Journal of Political Economy, University of Chicago Press, vol. 81(4), pages 813-46, July-Aug.. [Downloadable!] (restricted)
Other versions:
- Becker, Gary S, 1974. "A Theory of Marriage: Part II," Journal of Political Economy, University of Chicago Press, vol. 82(2), pages S11-S26, Part II, . [Downloadable!] (restricted)
Bloch, Francis & Ryder, Harl, 2000. "Two-Sided Search, Marriages, and Matchmakers," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 41(1), pages 93-115, February.
Lones Smith, 1995. "Cross-Sectional Dynamics in a Two-Sided Matching Model," Working papers 95-14, Massachusetts Institute of Technology (MIT), Department of Economics.
Burdett, Ken & Coles, Melvyn G, 1997. "Marriage and Class," The Quarterly Journal of Economics, MIT Press, vol. 112(1), pages 141-68, February.

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