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http://hdl.handle.net/10419/45415
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| Title: | | Efficient dynamic matching with costly search  |
| Authors: | | Atakan, Alp E. |
| Issue Date: | | 2010 |
| Series/Report no.: | | TÜSİAD-Koç University Economic Research Forum working paper series 1030 |
| Abstract: | | This paper considers a frictional market where buyers and sellers, with unit demand and supply, search for trading opportunities. The analysis focuses on explicit search frictions, allows for two-sided incomplete information, and puts no restriction on agent heterogeneity. In this context, a non-trivial, full trade search equilibrium is shown to exist, equilibria are characterized as the values that satisfy the first order conditions for a non-linear planner's (optimization) problem, and necessary and sufficient conditions are provided for the existence of efficient search equilibria under complete information. These results fully generalize to the twosided incomplete information setting, under an additive separability condition. |
| Subjects: | | Bargaining Search Matching Two-sided Incomplete Information |
| JEL: | | C73 C78 D83 |
| Document Type: | | Working Paper |
| Appears in Collections: | | ERF Working Paper Series, TÜSİAD-Koç University Economic Research Forum (ERF)
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