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
Institutions:	Verein für Socialpolitik - VfS
Subject:	frictional labour markets \| optimal saving \| incomplete markets \| Poisson uncertainty \| Fokker-Planck equations \| general equilibrium

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Extent:	application/pdf
Series:	Annual Conference 2011 (Frankfurt, Main): The Order of the World Economy - Lessons from the Crisis.
Type of publication:	Book / Working Paper
Classification:	C62 - Existence and Stability Conditions of Equilibrium ; C65 - Miscellaneous Mathematical Tools ; J60 - Mobility, Unemployment, and Vacancies. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010984934