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We embed a two-sided matching market with non-transferable utility, a marriage market, into a random search model. We study steadystate equilibria and characterize the limit of the corresponding equilibrium matchings as exogenous search frictions become small. The central question is whether the...
Persistent link: https://www.econbiz.de/10011390677
We prove existence of steady-state equilibrium in a class of matching models with search frictions.
Persistent link: https://www.econbiz.de/10011390707