Frictions Lead to Sorting: a Partnership Model with On-the-Match Search
نویسندگان
چکیده
منابع مشابه
Frictions Lead to Sorting: a Model of Bilateral On-the-Match Search∗
We present a partnership model where heterogeneous agents bargain over the gains from trade and are allowed to search on the match. Because of frictions, agents extract higher rents from more productive partners, generating an endogenous preference for high types. As individuals search while matched, more productive agents upgrade their partners more often, and therefore the equilibrium distrib...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2019
ISSN: 1556-5068
DOI: 10.2139/ssrn.3393545