File Download

There are no files associated with this item.

  Links for fulltext
     (May Require Subscription)
Supplementary

Article: Unravelling of dynamic sorting

TitleUnravelling of dynamic sorting
Authors
Issue Date2005
PublisherBlackwell Publishing Ltd. The Journal's web site is located at http://www.blackwellpublishing.com/journals/ROES
Citation
Review Of Economic Studies, 2005, v. 72 n. 4, p. 1057-1076 How to Cite?
AbstractWe consider a two-sided, finite-horizon search and matching model with heterogeneous types and complementarity between types. The quality of the pool of potential partners deteriorates as agents who have found mutually agreeable matches exit the market. When search is costless and all agents participate in each matching round, the market performs a sorting function in that high types of agents have multiple chances to match with their peers. However, this sorting function is lost if agents incur an arbitrarily small cost in order to participate in each round. With a sufficiently rich type space, the market unravels as almost all agents rush to participate in the first round and match and exit with anyone they meet. © 2005 The Review of Economic Studies Limited.
Persistent Identifierhttp://hdl.handle.net/10722/85624
ISSN
2015 Impact Factor: 4.077
2015 SCImago Journal Rankings: 9.250
ISI Accession Number ID
References

 

DC FieldValueLanguage
dc.contributor.authorDamiano, Een_HK
dc.contributor.authorLi, Hen_HK
dc.contributor.authorSuen, Wen_HK
dc.date.accessioned2010-09-06T09:07:18Z-
dc.date.available2010-09-06T09:07:18Z-
dc.date.issued2005en_HK
dc.identifier.citationReview Of Economic Studies, 2005, v. 72 n. 4, p. 1057-1076en_HK
dc.identifier.issn0034-6527en_HK
dc.identifier.urihttp://hdl.handle.net/10722/85624-
dc.description.abstractWe consider a two-sided, finite-horizon search and matching model with heterogeneous types and complementarity between types. The quality of the pool of potential partners deteriorates as agents who have found mutually agreeable matches exit the market. When search is costless and all agents participate in each matching round, the market performs a sorting function in that high types of agents have multiple chances to match with their peers. However, this sorting function is lost if agents incur an arbitrarily small cost in order to participate in each round. With a sufficiently rich type space, the market unravels as almost all agents rush to participate in the first round and match and exit with anyone they meet. © 2005 The Review of Economic Studies Limited.en_HK
dc.languageengen_HK
dc.publisherBlackwell Publishing Ltd. The Journal's web site is located at http://www.blackwellpublishing.com/journals/ROESen_HK
dc.relation.ispartofReview of Economic Studiesen_HK
dc.rightsThe Review of Economic Studies. Copyright © Blackwell Publishing Ltd.en_HK
dc.titleUnravelling of dynamic sortingen_HK
dc.typeArticleen_HK
dc.identifier.openurlhttp://library.hku.hk:4550/resserv?sid=HKU:IR&issn=0034-6527&volume=72&spage=1057&epage=1076&date=2005&atitle=Unravelling+of+Dynamic+Sortingen_HK
dc.identifier.emailSuen, W: hrneswc@hkucc.hku.hken_HK
dc.identifier.authoritySuen, W=rp00066en_HK
dc.description.naturelink_to_subscribed_fulltext-
dc.identifier.doi10.1111/0034-6527.00361en_HK
dc.identifier.scopuseid_2-s2.0-27744446763en_HK
dc.identifier.hkuros126779en_HK
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-27744446763&selection=ref&src=s&origin=recordpageen_HK
dc.identifier.volume72en_HK
dc.identifier.issue4en_HK
dc.identifier.spage1057en_HK
dc.identifier.epage1076en_HK
dc.identifier.isiWOS:000233209600005-
dc.publisher.placeUnited Kingdomen_HK
dc.identifier.scopusauthoridDamiano, E=9239291100en_HK
dc.identifier.scopusauthoridLi, H=25960883900en_HK
dc.identifier.scopusauthoridSuen, W=7006977946en_HK
dc.identifier.citeulike393198-

Export via OAI-PMH Interface in XML Formats


OR


Export to Other Non-XML Formats