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 … search, and type changes induced by matching. Under independence assumptions at each randomization step, we show that there …

This paper studies how well a search and matching model can describe aggregate Japanese labor market dynamics in a full … information setting. We develop a discrete-time search and matching model with productivity and separation shocks and use it as a … and vacancy postings in Japan. We find that the model is successful in matching the volatility in unemployment and …

differences between subsequent stages in the life cycle of SMEs and accordingly provide matching compensation strategy for …

Stable matchings may fail to exist in the roommate matching problem, both when utility is transferable and when it is … not. We show that when utility is transferable, the existence of a stable matching is restored when there is an even … individuals of any given type is large enough there always exist quasi-stable matchings: a stable matching can be restored with …

empty, it contains a unique matching, the dominance invariant stable matching, in which all agents who mutually top rank …

the dynamics of job transitions in the efficient allocation. Furthermore, when the matching technology is linear, our …