Gautier, Pieter (contributor); Svarer, Michael (contributor) - 2007
,apotential
marriage is good (G) and with probability (1 −π), the marriage is bad (B). In order
to enter a new relationship, agents must … leave their old partners. Agents can be in
three possible states: NG (good marriage), NB (bad marriage), and NS (single … marriage and let SB and SG be indicator
variables which equal one when agents search in respectively good and bad marriages
and …