Advanced Search
MyIDEAS: Login

Heterogeneous Discount Factors in an Assignment Model with Search Frictions

Contents:

Author Info

Registered author(s):

    Abstract

    We look at a simple market with two-sided heterogeneity and pairwise meetings. On the supply side are two landlord types who differ in the quality of their apartments. On the demand side is a continuum of tentant types who differ in their valuations for apartment types and their patience. For infinitesimal search frictions and an atomless tanant type distribution, we full ycharacterize all possible steady stage equilibria in a typical region of the parameter space. Our main finding is that the heterogeneous discount factors can cause strong deviations from the Walrasian outcome even when we asymptotically remove all the search frictions. All conventional frictional models with non-Walrasian limits are qualitatively different from the model in this paper.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://homepage.univie.ac.at/Papers.Econ/RePEc/vie/viennp/vie9906.pdf
    Download Restriction: no

    Bibliographic Info

    Paper provided by University of Vienna, Department of Economics in its series Vienna Economics Papers with number 9906.

    as in new window
    Length:
    Date of creation: Jun 1999
    Date of revision:
    Handle: RePEc:vie:viennp:9906

    Contact details of provider:
    Web page: http://www.univie.ac.at/vwl

    Related research

    Keywords:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:vie:viennp:9906. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Paper Administrator).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.