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Technical Addendum to Market Culture:How Rules Governing Exploding Offers Affect Market Performance
Technical Addendum Market Culture Rules Governing Market Performance
2015/7/23
In the exploding offer treatment, when firms and applicants are all risk neutral, there is a perfect Bayesian equilibrium with efficient late matching. At this equilibrium, in period 7 firm j makes an...
Market Culture:How Rules Governing Exploding Offers Affect Market Performance
Market Culture Rules Governing Market Performance
2015/7/23
Many markets encounter difficulty maintaining a thick marketplace because they experience transactions made at dispersed times. To address such problems, many markets try to establish norms concerning...