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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP14103 |
DP14103 Searching Forever After | |
Yair Antler; Benjamin Bachi | |
发表日期 | 2019-11-05 |
出版年 | 2019 |
语种 | 英语 |
摘要 | We study a model of two-sided search in which agents' reasoning is coarse. In equilibrium, the most desirable agents behave as if they were fully rational, while, for all other agents, coarse reasoning results in overoptimism with regard to their prospects in the market. Consequently, they search longer than optimal. Moreover, agents with intermediate match values may search indefinitely while all other agents eventually marry. We show that the share of eternal singles converges monotonically to 1 as search frictions vanish. Thus, improvements in the search technology may backfire and even lead to market failure. |
主题 | Industrial Organization |
关键词 | Boundedly rational expectations Two-sided search Matching Dating Marriage market Coarse reasoning |
URL | https://cepr.org/publications/dp14103 |
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/542990 |
推荐引用方式 GB/T 7714 | Yair Antler,Benjamin Bachi. DP14103 Searching Forever After. 2019. |
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