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A Model of Random Matching

Author

Listed:
  • Itzhak Gilboa

    (Northwestern University [Evanston])

  • Akihiko Matsui

    (University of Pennsylvania [Philadelphia])

Abstract

This paper presents a model of random matching between individuals chosen from large populations. We assume that the populations and the set of encounters are infinite but countable and that the encounters are i.i.d. random variables. Furthermore, the probability distribution on individuals according to which they are chosen for each encounter is 'uniform', which also implies that it is only finitely additive. Although the probability measure which governs the whole matching process also fails to be (fully) sigma-additive, it still retains enough continuity properties to allow for the use of the law of large numbers. This, in turn, guarantees that the aggregate process will (almost surely) behave 'nicely', i.e., that there will be no aggregate uncertainty.

Suggested Citation

  • Itzhak Gilboa & Akihiko Matsui, 1992. "A Model of Random Matching," Post-Print hal-00753230, HAL.
  • Handle: RePEc:hal:journl:hal-00753230
    DOI: 10.1016/0304-4068(92)90010-5
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