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Title:Describing the Dynamics of Distribution in Search and Matching Models by Fokker-Planck Equations PDF Logo
Authors:Wälde, Klaus
Bayer, Christian
Issue Date:2011
Series/Report no.:Beiträge zur Jahrestagung des Vereins für Socialpolitik 2011: Die Ordnung der Weltwirtschaft: Lektionen aus der Krise - Session: Dynamic Optimization B17-V3
Abstract:This paper provides the proofs to the analysis of a continuous time matching model with saving in Bayer and Wälde (2010a). The paper proves the results on consumption growth, provides an existence proof for optimal consumption and a detailed derivation of the Fokker-Planck equations.
Subjects:frictional labour markets
optimal saving
incomplete markets
Poisson uncertainty
Fokker-Planck equations
general equilibrium
JEL:C62
C65
J60
Document Type:Conference Paper
Appears in Collections:Jahrestagung des Vereins für Socialpolitik 2011: Die Ordnung der Weltwirtschaft - Lektionen aus der Krise

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