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The Effect of Mediated Partnerships in Two-Sided Economic

机译:介导伙伴关系在双面经济中的影响

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In this paper we investigate the effect of mediated partnerships over agents' equilibrium strategies in two-sided economic search. A mediated partnership is formed when an agent acts as a mediator, establishing a partnership between a pair of agents it encountered along its search, thereby reducing the other agents' amount of search. Surprisingly, this reduction in market friction induced by mediated partnerships does not always improve market efficiency. Use of mediated partnerships changes the equilibrium strategies used by agents in two-sided search models and introduces substantial computational complexity. This computational complexity is overcome with an innovative algorithm that facilitates equilibrium calculation.
机译:在本文中,我们调查了介导的伙伴关系在双面经济搜索中对代理商均衡策略的影响。当一个代理人作为调解员时形成一个介导的伙伴关系,在其搜索中遇到的一对代理商之间建立伙伴关系,从而减少了其他代理的搜索量。令人惊讶的是,由介导伙伴关系引起的市场摩擦降低并不总是提高市场效率。使用介导的伙伴关系改变了双面搜索模型中代理使用的均衡策略,并引入了大量的计算复杂性。通过促进均衡计算的创新算法克服了这种计算复杂性。

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