This work introduces a set-theoretic foundation of deterministic bilateral matching processes and studies their … properties. In particular, it formalizes a link between matching and informational constraints by developing a notion of … anonymity that is based on the agents' matching histories. It also explains why and how various matching processes generate …

In this paper we incorporate a labor market with matching frictions and wage rigidities into the New Keynesian business …

. Equilibrium investments and the equilibrium matching will be efficient if agents can simultaneously negotiate investments and … matches, but we focus on markets in which agents must first sink their investments before matching. Additional equilibria may … arise in this sunk-investment setting, even though our matching market is competitive. These equilibria exhibit …

In this paper we incorporate a labor market with matching frictions and wage …

This paper develops a tractable extension of a Mortensen-Pissarides style matching model that allows for risk averse …