In this paper, we examine the dynamic properties of a particular demographic model. An essential part of the model is the marriage function which is derived from assumptions about the behavior of women and men in a market where each individual is looking for a suitable partner. By means of simulation experiments we investigate different aspects of the model. Specifically, we find that it is difficult to determine parameters related to preferences, birth and death rates, such that a non-trivial stable equilibrium is attained.
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Paper provided by Research Department of Statistics Norway in its series Discussion Papers with number
247.
Find related papers by JEL classification: C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends and Forecasts
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Roth, Alvin E. & Sotomayor, Marilda, 1992.
"Two-sided matching,"
Handbook of Game Theory with Economic Applications,
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Elsevier.
[Downloadable!] (restricted)
Dagsvik, John K, 2000.
"Aggregation in Matching Markets,"
International Economic Review,
Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 41(1), pages 27-57, February.