G2TT
来源类型Discussion paper
规范类型论文
来源IDDP13258
DP13258 The Feedback Effect in Two-Sided Markets with Bilateral Investments
Benny Moldovanu
发表日期2018-10-19
出版年2018
语种英语
摘要Agents in a finite two-sided market are matched assortatively, based on costly investments. Besides signaling privately known, complementary types, the investments also directly benefit the match partner. The bilateral external benefits induce a complex feedback cycle that amplifies the agents’ signaling investments. Our main results quantify how the feedback effect depends on the numbers of competitors on both sides of the market. This yields detailed insights into the equilibria of two-sided matching contests with incomplete information, in particular for markets of small or intermediate size. It also allows us to shed some new light on the relationship between finite and continuum models of pre-match investment.
主题Industrial Organization
关键词Matching Signaling investment Feedback effect
URLhttps://cepr.org/publications/dp13258
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/542067
推荐引用方式
GB/T 7714
Benny Moldovanu. DP13258 The Feedback Effect in Two-Sided Markets with Bilateral Investments. 2018.
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