6 novembre 2007
Ce document est lié à :
UFAE and IAE Working Papers
Ce document est lié à :
534.02
open
Clara Ponsatí et al., « The provision of quality in a bilateral search market », Digital.CSIC (SHS)
We accomplish two goals. First, we provide a non-cooperative foundation for the use of the Nash bargaining solution in search markets. This finding should help to close the rift between the search and the matching-and-bargaining literature. Second, we establish that the diversity of quality offered (at an increasing price-quality ratio) in a decentralized market is an equilibrium phenomenon - even in the limit as search frictions disappear.