Full metadata record
DC Field | Value | Language |
---|---|---|
dc.contributor.author | 조인구 | - |
dc.date.accessioned | 2018-03-12T02:59:33Z | - |
dc.date.available | 2018-03-12T02:59:33Z | - |
dc.date.issued | 2013-08 | - |
dc.identifier.citation | Journal of economic theory , Aug 2013, 148(4), P.1659-1688 | en_US |
dc.identifier.issn | 0022-0531 | - |
dc.identifier.uri | https://www.sciencedirect.com/science/article/pii/S0022053113000690?via%3Dihub | - |
dc.identifier.uri | http://hdl.handle.net/20.500.11754/45191 | - |
dc.description.abstract | We investigate a canonical search-theoretic model without entry. Two agents are randomly matched with a long side being rationed. The matched agents face a pair of randomly drawn non-transferable payoffs, and then choose whether or not to form a partnership subject to a small probability of exogenous break down. As this probability and friction vanish, the Nash bargaining solution emerges as the unique undominated strategy equilibrium outcome if the mass of each party is the same. If the size of one party is larger than the other, the short side extracts the entire surplus, a sharp contrast to Rubinstein and Wolinsky (1985) [16]. (C) 2013 Elsevier Inc. All rights reserved. | en_US |
dc.description.sponsorship | Financial supports from the National Science Foundation and the Scientific Research Program (Creative) (19GS0101) and the Grants-in-Aid for Scientific Research (S) (24223002) of the Japan Society for the Promotion of Science are gratefully acknowledged | en_US |
dc.language.iso | en | en_US |
dc.publisher | Elsevier Science B.V., Amsterdam | en_US |
dc.subject | Matching | en_US |
dc.subject | Search | en_US |
dc.subject | Undominated strategy equilibrium | en_US |
dc.subject | Nash bargaining solution | en_US |
dc.title | Search theory, competitive equilibrium, and the Nash bargaining solution | en_US |
dc.type | Article | en_US |
dc.relation.no | 4 | - |
dc.relation.volume | 148 | - |
dc.identifier.doi | 10.1016/j.jet.2013.04.003 | - |
dc.relation.page | 1659-1688 | - |
dc.relation.journal | JOURNAL OF ECONOMIC THEORY | - |
dc.contributor.googleauthor | Cho, I. K. | - |
dc.contributor.googleauthor | Matsui, A. | - |
dc.relation.code | 2013013971 | - |
dc.sector.campus | S | - |
dc.sector.daehak | COLLEGE OF ECONOMICS AND FINANCE[S] | - |
dc.sector.department | DIVISION OF ECONOMICS & FINANCE | - |
dc.identifier.pid | inkoocho | - |
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.