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Persistent link: https://www.econbiz.de/10005597870
We show that the equilibrium of a matching and bargaining model of a market in which there is a finite number of agents at each date need not be near the equilibrium of a market with a continuum of agents, although matching probabilities are the same in both markets. Holding the matching process...
Persistent link: https://www.econbiz.de/10005753415