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Please use this identifier to cite or link to this item: http://hdl.handle.net/10400.5/4152

Title: Decentralized matching markets : a laboratory experiment
Authors: Pais, Joana
Pinter, Agnes
Veszteg, Robert F.
Keywords: Decentralized matching
Two-sided matching
Issue Date: Oct-2012
Publisher: ISEG - Departamento de Economia
Citation: Pais, Joana, Agnes Pinter e Robert F. Veszteg. 2012. "Decentralized matching markets : a laboratory experiment". Instituto Superior de Economia e Gestão - DE working papers nº8-/2012/DE/UECE
Series/Report no.: DE working papers;8-/2012/DE/UECE
Abstract: We report data from controlled laboratory experiments on two-sided matching markets in which participants interact in a decentralized way, without having to refer to a central clearinghouse. Our treatments have been designed to evaluate the effect of information, search costs, and binding agreements on the final outcome and also on the individual strategies that lead to it. We find that these features affect the level and pace of market activity as well as the identity of those who receive proposals. While the lack of information alone does not reduce stability or efficiency, its combination with search costs can be detrimental.
URI: http://hdl.handle.net/10400.5/4152
ISSN: 0874-4548
Publisher version: https://aquila.iseg.utl.pt/aquila/getFile.do?method=getFile&fileId=251481&contentContextPath_PATH=/departamentos/ec/lateral/menu-working-papers/nova-serie/2012&_request_checksum_=3c68459fa2a981fbae33d2826218edf6dee49e19
Appears in Collections:UECE - Documentos de Trabalho / UECE - Working Papers
DE - Documentos de trabalho / Working Papers

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