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Steady states in matching and bargaining

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  • Manea, Mihai

Abstract

We establish the existence of steady states in two classic matching and bargaining models with general trader asymmetries, search processes, and production functions.

Suggested Citation

  • Manea, Mihai, 2017. "Steady states in matching and bargaining," Journal of Economic Theory, Elsevier, vol. 167(C), pages 206-228.
  • Handle: RePEc:eee:jetheo:v:167:y:2017:i:c:p:206-228 DOI: 10.1016/j.jet.2016.10.003
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    References listed on IDEAS

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    1. Diamond, P. A. & Maskin, Eric, 1981. "An equilibrium analysis of search and breach of contract II. A non-steady state example," Journal of Economic Theory, Elsevier, vol. 25(2), pages 165-195, October.
    2. Peter A. Diamond & Eric Maskin, 1979. "An Equilibrium Analysis of Search and Breach of Contract, I: Steady States," Bell Journal of Economics, The RAND Corporation, vol. 10(1), pages 282-316, Spring.
    3. Robert Shimer & Lones Smith, 2000. "Assortative Matching and Search," Econometrica, Econometric Society, pages 343-370.
    4. Lauermann, Stephan & Nöldeke, Georg, 2015. "Existence of steady-state equilibria in matching models with search frictions," Economics Letters, Elsevier, vol. 131(C), pages 1-4.
    5. Stephan Lauermann, 2013. "Dynamic Matching and Bargaining Games: A General Approach," American Economic Review, American Economic Association, pages 663-689.
    6. Mark Satterthwaite & Artyom Shneyerov, 2007. "Dynamic Matching, Two-Sided Incomplete Information, and Participation Costs: Existence and Convergence to Perfect Competition," Econometrica, Econometric Society, pages 155-200.
    7. Gale, Douglas, 1987. "Limit theorems for markets with sequential bargaining," Journal of Economic Theory, Elsevier, vol. 43(1), pages 20-54, October.
    8. Thomas Tröger & Georg Nöldeke, 2009. "Matching Heterogeneous Agents with a Linear Search Technology," Bonn Econ Discussion Papers bgse1_2009, University of Bonn, Germany.
    9. Darrell Duffie, 2012. "Over-The-Counter Markets," Introductory Chapters,in: Dark Markets: Asset Pricing and Information Transmission in Over-the-Counter Markets Princeton University Press.
    10. Alp E. Atakan, 2006. "Assortative Matching with Explicit Search Costs," Econometrica, Econometric Society, vol. 74(3), pages 667-680, May.
    11. Mihai Manea, 2011. "Bargaining in Stationary Networks," American Economic Review, American Economic Association, vol. 101(5), pages 2042-2080, August.
    12. Rubinstein, Ariel & Wolinsky, Asher, 1985. "Equilibrium in a Market with Sequential Bargaining," Econometrica, Econometric Society, vol. 53(5), pages 1133-1150, September.
    13. Sun, Yeneng, 2006. "The exact law of large numbers via Fubini extension and characterization of insurable risks," Journal of Economic Theory, Elsevier, vol. 126(1), pages 31-69, January.
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    Cited by:

    1. repec:eee:gamebe:v:104:y:2017:i:c:p:59-77 is not listed on IDEAS
    2. repec:aea:jeclit:v:55:y:2017:i:2:p:493-544 is not listed on IDEAS

    More about this item

    Keywords

    Steady states; Existence; Bargaining; Search; Random matching; Entry costs;

    JEL classification:

    • C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory

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