Dynamic directed random matching

doi:10.1016/j.jet.2017.11.011

CORC > 上海财经大学 > 上海财经大学

	Dynamic directed random matching
	Duffle, Darrell 1,2; Qiao, Lei 3,4; Sun, Yeneng 5
刊名	JOURNAL OF ECONOMIC THEORY
	2018-03
卷号	174 页码:124-183
关键词	Independent dynamic random matching Directed search Enduring partnerships Exact law of large numbers Population dynamics Random mutation
ISSN号	0022-0531
DOI	10.1016/j.jet.2017.11.011
英文摘要	We develop a general and unified model in which a continuum of agents conduct directed random searches for counterparties. Our results provide the first probabilistic foundation for static and dynamic models of directed search (including the matching-function approach) that are common in search-based models of financial markets, monetary theory, and labor economics. The agents' types are shown to be independent discrete-time Markov processes that incorporate the effects of random mutation, random matching with match-induced type changes, and with the potential for enduring partnerships that may have randomly timed break-ups. The multi-period cross-sectional distribution of types is shown to be deterministic and is calculated using the exact law of large numbers. (C) 2017 Published by Elsevier Inc.
WOS研究方向	Business & Economics
语种	英语
出版者	ACADEMIC PRESS INC ELSEVIER SCIENCE
WOS记录号	WOS:000425564600005
内容类型	期刊论文
源URL	[http://10.2.47.112/handle/2XS4QKH4/681]
专题	上海财经大学
通讯作者	Duffle, Darrell
作者单位	1.Stanford Univ, Grad Sch Business, Stanford, CA 94305 USA; 2.Natl Bur Econ Res, Cambridge, MA 02138 USA; 3.Shanghai Univ Finance & Econ, Sch Econ, 777 Guoding Rd, Shanghai 200433, Peoples R China; 4.Minist Educ, Key Lab Math Econ SUFE, Shanghai 200433, Peoples R China; 5.Natl Univ Singapore, Dept Econ, 1 Arts Link, Singapore 117570, Singapore
推荐引用方式 GB/T 7714	Duffle, Darrell,Qiao, Lei,Sun, Yeneng. Dynamic directed random matching[J]. JOURNAL OF ECONOMIC THEORY,2018,174:124-183.
APA	Duffle, Darrell,Qiao, Lei,&Sun, Yeneng.(2018).Dynamic directed random matching.JOURNAL OF ECONOMIC THEORY,174,124-183.
MLA	Duffle, Darrell,et al."Dynamic directed random matching".JOURNAL OF ECONOMIC THEORY 174(2018):124-183.