Abstract
We consider a private information replica of the dynamic matching and bargaining model of Mortensen and Wright (2002). We find that private information typically deters entry. But, the welfare can actually be higher under private information.
Original language | English |
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Pages (from-to) | 128-131 |
Number of pages | 4 |
Journal | Economics Letters |
Volume | 112 |
Issue number | 1 |
DOIs | |
Publication status | Published - 1 Jul 2011 |
Externally published | Yes |
Keywords
- Markets with search frictions
- matching and bargaining
- two-sided incomplete information