Agenda

30 Mag 2022 12:15

Ignacio Monzón - Frictions Lead to Sorting: a Partnership Model with On-the-Match Search

Meeting Room 1 (San Giobbe Economics Campus) + Live streaming (ZOOM)

Ignacio Monzón, Collegio Carlo Alberto, Turin (Italy)
Frictions Lead to Sorting: a Partnership Model with On-the-Match Search (with Cristian Bartolucci)

We present a partnership model where heterogeneous agents bargain over the gains from trade and search on the match. Frictions allow agents to extract higher rents from more productive partners, generating an endogenous preference for high types. More productive agents upgrade their partners faster, therefore the equilibrium match distribution features positive assortative matching. Frictions are commonly understood to hamper sorting. In-
stead, we show how frictions generate positive sorting even with a submodular production function. Our results challenge the interpretation of positive assortative matching as evidence of complementarity.

The seminar can be attended also remotely, connecting to ZOOM: https://unive.zoom.us/j/82436726127 - Meeting ID 824 3672 6127

Lingua

L'evento si terrà in inglese

Organizzatore

Department of Economics (EcSeminars; CVera)

Link

https://unive.zoom.us/j/82436726127

Cerca in agenda