We investigate a canonical search-theoretic model without entry. Two agents are randomly matched with a long side being …

the extent of multiplicity hinges on the frequency of search. Holding fixed the average number of meetings over time, we … vary search frequency by altering the interval between search opportunities. To isolate the role of search frequency, we …, strategies, and dynamic paths consistent with equilibrium. Indexed by these features, as search frequency increases the set of …

search, and type changes induced by matching. Under independence assumptions at each randomization step, we show that there …This paper provides a mathematical foundation for independent random matching of a large population, as widely used in … the economics literature. We consider both static and dynamic systems with random mutation, partial matching arising from …

make investments before matching in a competitive market. We introduce the notion of premuneration values -- the values to …