Shneyerov, Artyom; Wong, Adam Chi Leung - In: Journal of Economic Theory 145 (2010) 3, pp. 1164-1187
We study the steady state of a market with incoming cohorts of buyers and sellers who are matched pairwise and bargain under private information. A friction parameter is [tau], the length of the time period until the next meeting. We provide a necessary and sufficient condition for the...