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Describing the Dynamics of Distribution in Search and Matching Models by Fokker-Planck Equations

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  • Wälde, Klaus
  • Bayer, Christian

Abstract

This paper provides the proofs to the analysis of a continuous time matching model with saving in Bayer and Wälde (2010a). The paper proves the results on consumption growth, provides an existence proof for optimal consumption and a detailed derivation of the Fokker-Planck equations. --

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Bibliographic Info

Paper provided by Verein für Socialpolitik / German Economic Association in its series Annual Conference 2011 (Frankfurt, Main): The Order of the World Economy - Lessons from the Crisis with number 48736.

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Date of creation: 2011
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Handle: RePEc:zbw:vfsc11:48736

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Web page: http://www.socialpolitik.org/
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Keywords: frictional labour markets; optimal saving; incomplete markets; Poisson uncertainty; Fokker-Planck equations; general equilibrium;

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