The role of private information in dynamic matching and bargaining: Can it be good for efficiency?
AbstractWe consider a private information replica of the dynamic matching and bargaining model ofÂ Mortensen and Wright (2002). We find that private information typically deters entry. But, the welfare can actually be higher under private information.
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Bibliographic InfoArticle provided by Elsevier in its journal Economics Letters.
Volume (Year): 112 (2011)
Issue (Month): 1 (July)
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Web page: http://www.elsevier.com/locate/ecolet
Markets with search frictions Matching and bargaining Two-sided incomplete information;
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