5 avril 2011, 11h00–12h30
Toulouse
Salle Amphi S
Economic Theory Seminar
Résumé
We embed the classical marriage problem in a search model with bilateral meetings and investigate the limit behavior of steady state equilibria as search frictions become negligible. All stable matchings are limit outcomes, but unless there is a unique stable matching there are also unstable, fractional matchings that appear in the limit.