Cultural advice

The Australian National University acknowledges, celebrates and pays our respects to the Ngunnawal and Ngambri people of the Canberra region and to all First Nations Australians on whose traditional lands we meet and work, and whose cultures are among the oldest continuing cultures in human history.

Aboriginal and Torres Strait Islander peoples are advised that ANU Library collections may include images, names, voices, and other representations of deceased persons.

Material in the collection may contain terms, language or views that reflect the period in which the item was created and may be considered inappropriate today.

Premuneration Values and Investments in Matching Markets

Simple item page
dc.contributor.authorMailath, George
dc.contributor.authorPostlewaite, Andrew
dc.contributor.authorSamuelson, Larry W
dc.date.accessioned2021-09-07T02:16:22Z
dc.date.issued2017
dc.date.updated2020-11-23T10:58:26Z
dc.description.abstractWe 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 pretransfer ownership claims on the surplus will be Pareto improving, and examine how the degree of heterogeneity on either side of the market affects investment efficiency.en_AU
dc.description.sponsorshipWe thank the National Science Foundation (grants SES-0350969, SES-0549946, SES0648780, SES-0850263, and SES-1459158) for financial supporten_AU
dc.format.mimetypeapplication/pdfen_AU
dc.identifier.issn0013-0133en_AU
dc.identifier.urihttp://hdl.handle.net/1885/247399
dc.language.isoen_AUen_AU
dc.publisherOxford University Pressen_AU
dc.rights© 2016 Royal Economic Societyen_AU
dc.sourceThe Economic Journalen_AU
dc.titlePremuneration Values and Investments in Matching Marketsen_AU
dc.typeJournal articleen_AU
local.bibliographicCitation.issue604en_AU
local.bibliographicCitation.lastpage2065en_AU
local.bibliographicCitation.startpage2041en_AU
local.contributor.affiliationMailath, George, College of Business and Economics, ANUen_AU
local.contributor.affiliationPostlewaite, Andrew, University of Pennsylvaniaen_AU
local.contributor.affiliationSamuelson, Larry W, Yale Universityen_AU
local.contributor.authoruidMailath, George, u5107368en_AU
local.description.embargo2099-12-31
local.description.notesImported from ARIESen_AU
local.identifier.absfor140104 - Microeconomic Theoryen_AU
local.identifier.ariespublicationu5564265xPUB38en_AU
local.identifier.citationvolume127en_AU
local.identifier.doi10.1111/ecoj.12400en_AU
local.identifier.scopusID2-s2.0-85018540818
local.publisher.urlhttps://academic.oup.com/en_AU
local.type.statusPublished Versionen_AU

Downloads

Original bundle

Now showing 1 - 1 of 1
Thumbnail Image
Name:
01_Mailath_Premuneration_Values_and_2017.pdf
Size:
285.3 KB
Format:
Adobe Portable Document Format
Download

Collections

ANU Research Publications

DSpace software copyright © 2002-2026 LYRASIS

abcd