Add to ORKGThis paper studies the impacts of income distribution on the efficiency of trade mechanism and rationing of agents who are priced out of trade in a dynamic search model with two-sided asymmetric information. Buyers and sellers have asymmetric information about valuations and incomes respectively. In such a frictional environment, the effects of several variants of changes in income distribution on efficiency of trading mechanism and the population of rationed buyers and sellers are elaborated.Income distribution Efficiency Rationing Search
We characterize the divergence between informational and economic efficiency in a rational expectati...
Abstract. This paper considers a frictional market where buyers and sellers, with unit demand and su...
When the trading process is characterized by search frictions, traders may be rationed so markets ne...
International audienceInformation structure can affect market efficiency by influencing participants...
This paper studies how shifts in the distribution of quality on one side of the market affect earnin...
This paper explores how the structure of asymmetric information impacts on economic outcomes in Aker...
This paper explores the relationship between income distribution, prices, production efficiency and ...
This paper studies the symmetric equilibria of a two-buyer, two-seller model of directed search in w...
In this paper we provide a characterization of the welfare properties of rational expectations equil...
When the trading process is characterized by search frictions, traders may be rationed so markets ne...
This paper analyzes the role of production distortion for income redistribution in an international ...
We endogenize the trade mechanism in a search economy with many homogeneous sellers and many heterog...
This paper explores the behavior of a model economy with search frictions and bilateral asymmetric i...
The paper analyses the effects of income concentration on the behaviour of a duopoly with vertical p...
Asymmetric information can impede socially efficient trade in bilateral transactions. This dissertat...
We characterize the divergence between informational and economic efficiency in a rational expectati...
Abstract. This paper considers a frictional market where buyers and sellers, with unit demand and su...
When the trading process is characterized by search frictions, traders may be rationed so markets ne...
International audienceInformation structure can affect market efficiency by influencing participants...
This paper studies how shifts in the distribution of quality on one side of the market affect earnin...
This paper explores how the structure of asymmetric information impacts on economic outcomes in Aker...
This paper explores the relationship between income distribution, prices, production efficiency and ...
This paper studies the symmetric equilibria of a two-buyer, two-seller model of directed search in w...
In this paper we provide a characterization of the welfare properties of rational expectations equil...
When the trading process is characterized by search frictions, traders may be rationed so markets ne...
This paper analyzes the role of production distortion for income redistribution in an international ...
We endogenize the trade mechanism in a search economy with many homogeneous sellers and many heterog...
This paper explores the behavior of a model economy with search frictions and bilateral asymmetric i...
The paper analyses the effects of income concentration on the behaviour of a duopoly with vertical p...
Asymmetric information can impede socially efficient trade in bilateral transactions. This dissertat...
We characterize the divergence between informational and economic efficiency in a rational expectati...
Abstract. This paper considers a frictional market where buyers and sellers, with unit demand and su...
When the trading process is characterized by search frictions, traders may be rationed so markets ne...