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6 novembre 2007
- 10261/1886
Ce document est lié à :
UFAE and IAE Working Papers
Ce document est lié à :
534.02
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Mots-clés
Quality dispersion Nash Program Bilateral searchSujets proches
Negotiations Bargaining Haggling Negotiating Higgling Dickering Public markets World literature Western literature (Western countries) Belles-lettres Balancing (Physics) Balance (Physics) Balance Bargaining Labor negotiations Use ofCiter ce document
Clara Ponsatí et al., « The provision of quality in a bilateral search market », Digital.CSIC (SHS)
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Résumé
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.