Relationship trading in over‐the‐counter markets
T Hendershott, D Li, D Livdan… - The Journal of …, 2020 - Wiley Online Library
We examine the network of trading relationships between insurers and dealers in the over‐
the‐counter (OTC) corporate bond market. Regulatory data show that one‐third of insurers …
the‐counter (OTC) corporate bond market. Regulatory data show that one‐third of insurers …
Cupid's invisible hand: Social surplus and identification in matching models
A Galichon, B Salanié - The Review of Economic Studies, 2022 - academic.oup.com
We investigate a model of one-to-one matching with transferable utility and general
unobserved heterogeneity. Under a separability assumption that generalizes Choo and …
unobserved heterogeneity. Under a separability assumption that generalizes Choo and …
Optimal dynamic matching
We study a dynamic matching environment where individuals arrive sequentially. There is a
trade‐off between waiting for a thicker market, allowing for higher‐quality matches, and …
trade‐off between waiting for a thicker market, allowing for higher‐quality matches, and …
There's more to marriage than love: the effect of legal status and cultural distance on intermarriages and separations
We analyse the contribution of legal status incentives on the marriage choices of natives and
migrants. Access to legal status reduces by 40 percent the probability of immigrants …
migrants. Access to legal status reduces by 40 percent the probability of immigrants …
Household consumption when the marriage is stable
We develop a novel framework to analyze the structural implications of the marriage market
for household consumption. We define a revealed preference characterization of efficient …
for household consumption. We define a revealed preference characterization of efficient …
Dynamically stable matching
L Doval - Theoretical Economics, 2022 - Wiley Online Library
I introduce a stability notion, dynamic stability, for two‐sided dynamic matching markets
where (i) matching opportunities arrive over time,(ii) matching is one‐to‐one, and (iii) …
where (i) matching opportunities arrive over time,(ii) matching is one‐to‐one, and (iii) …
The dynamics of marriage and divorce
We formulate and estimate a dynamic model of marriage, divorce, and remarriage using
panel data on two cohorts of Danish men and women. The marital surplus is identified from …
panel data on two cohorts of Danish men and women. The marital surplus is identified from …
The efficiency of a dynamic decentralized two-sided matching market
This paper studies a decentralized dynamic matching market by using data from a Chinese
ride-sharing platform to estimate a model of search and matching between drivers and …
ride-sharing platform to estimate a model of search and matching between drivers and …
Marriage market dynamics, gender, and the age gap
A Shephard - 2019 - papers.ssrn.com
We present a general discrete choice framework for analyzing household formation and
dissolution decisions in an equilibrium limited-commitment collective framework that allows …
dissolution decisions in an equilibrium limited-commitment collective framework that allows …