Describing the Dynamics of Distribution in Search and Matching Models by Fokker-Planck Equations

This paper provides the proofs to the analysis of a continuous time matching model with saving in Bayer and Wälde (2010a). The paper proves the results on consumption growth, provides an existence proof for optimal consumption and a detailed derivation of the Fokker-Planck equations.

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Year of publication:	2011
Authors:	Wälde, Klaus ; Bayer, Christian
Publisher:	ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft
Subject:	frictional labour markets \| optimal saving \| incomplete markets \| Poisson uncertainty \| Fokker-Planck equations \| general equilibrium

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Series:	Beiträge zur Jahrestagung des Vereins für Socialpolitik 2011: Die Ordnung der Weltwirtschaft: Lektionen aus der Krise - Session: Dynamic Optimization ; B17-V3
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Conference Paper
Language:	English
Other identifiers:	671639544 [GVK] hdl:10419/48736 [Handle] RePEc:zbw:vfsc11:48736 [RePEc]
Classification:	C62 - Existence and Stability Conditions of Equilibrium ; C65 - Miscellaneous Mathematical Tools ; J60 - Mobility, Unemployment, and Vacancies. General
Source:	EconStor

Persistent link: https://www.econbiz.de/10010305971