The role of private information in dynamic matching and bargaining: Can it be good for efficiency?
Abstract
We consider a private information replica of the dynamic matching and bargaining model of Mortensen and Wright (2002). We find that private information typically deters entry. But, the welfare can actually be higher under private information.Markets with search frictions Matching and bargaining Two-sided incomplete informationSimilar works
This paper was published in Research Papers in Economics.
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