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Search with Homogeneous and Heterogeneous Agents

Author

Listed:
  • Klaus Kultti

    (Department of Economics, University of Helsinki)

  • Eeva Mauring

    (University of Helsinki and University College London)

Abstract

Two types of agents want to pair. They meet randomly, and if each is acceptable to each other pairing takes place. One type's tastes are uniform over the other type while the other type's tastes are not. We assume nontransferable utility and study whether the outcome is more efficient when the type heterogeneous in tastes searches or vice versa.

Suggested Citation

  • Klaus Kultti & Eeva Mauring, 2010. "Search with Homogeneous and Heterogeneous Agents," Finnish Economic Papers, Finnish Economic Association, vol. 23(2), pages 62-72, Autumn.
    • Handle: RePEc:fep:journl:v:23:y:2010:i:2:p:62-72
    as

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    File URL: http://www.taloustieteellinenyhdistys.fi/images/stories/fep/fep22010/fep22010kultti.pdf
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    References listed on IDEAS

    as
    1. Klaus Kultti & Antti Miettunen & Tuomas Takalo & Juha Virrankoski, 2009. "Who Searches?," The Japanese Economic Review, Japanese Economic Association, vol. 60(2), pages 152-171, June.
    2. Klaus Kultti & Antti Miettunen & Juha Virrankoski, 2006. "Physical Search," Journal of Economics, Springer, vol. 89(3), pages 223-244, December.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    JEL classification:

    • C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
    • D4 - Microeconomics - - Market Structure, Pricing, and Design

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