Skip navigation
Skip navigation

Premuneration Values and Investments in Matching Markets

Mailath, George; Postlewaite, Andrew; Samuelson, Larry W


We analyse a model in which agents make investments and match into pairs to create a surplus. The agents can reallocate their pretransfer ownership claims on the surplus. Mailath et al. (2013) showed that when investments are unobservable, equilibrium investments are generally inefficient. We work here with a more structured and tractable model to analyse investment inefficiencies. We provide conditions under which investment is inefficiently high or low and when changes in the...[Show more]

CollectionsANU Research Publications
Date published: 2017
Type: Journal article
Source: The Economic Journal
DOI: 10.1111/ecoj.12400


File Description SizeFormat Image
01_Mailath_Premuneration_Values_and_2017.pdf285.3 kBAdobe PDF    Request a copy

Items in Open Research are protected by copyright, with all rights reserved, unless otherwise indicated.

Updated:  19 May 2020/ Responsible Officer:  University Librarian/ Page Contact:  Library Systems & Web Coordinator