| 000 | 01455nam a22001577a 4500 | ||
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_c525956 _d525956 |
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| 008 | 240426b ||||| |||| 00| 0 eng d | ||
| 100 |
_aAnderson, Axel and Smith, Lones _951908 |
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| 245 | _aThe comparative statics of sorting | ||
| 260 | _aThe American Economic Review | ||
| 300 | _a114(3), Mar, 2024: p.709-751 | ||
| 520 | _aWe create a general and tractable theory of increasing sorting in pairwise matching models with monetary transfers. The positive quadrant dependence partial order subsumes Becker (1973) as the extreme cases with most and least sorting and implies increasing regression coefficients. Our theory turns on synergy—the cross-partial difference or derivative of match production. This reflects basic economic forces: diminishing returns, technological convexity, insurance, and learning dynamics. We prove sorting increases if match synergy globally increases, and is cross-sectionally monotone or single crossing. We use our results to derive sorting predictions in major economics sorting papers and in new applications.- Reproduced https://www.aeaweb.org/articles?id=10.1257/aer.20210890 | ||
| 650 |
_aPairwise matching models, Monetary transfers, positive quadrant dependence, sorting theory, synergy, match production, diminishing returns, technological convexity, insurance, learning dynamics, regression coefficients _951909 |
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| 773 | _aThe American Economic Review | ||
| 906 | _aECONOMICS | ||
| 942 | _cAR | ||