Network structures of applicant-vacancy links determine matching function forms, with dispersion in search intensities reducing match efficacy and potentially making higher average search counterproductive.
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Using optimality conditions from the second-service rule and a structural model on tennis data, the paper shows players value process utility positively and systematically trade off outcome probabilities for it.
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The Matching Function: A Unified Look into the Black Box
Network structures of applicant-vacancy links determine matching function forms, with dispersion in search intensities reducing match efficacy and potentially making higher average search counterproductive.
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Process Utility in High-Stakes Competition
Using optimality conditions from the second-service rule and a structural model on tennis data, the paper shows players value process utility positively and systematically trade off outcome probabilities for it.