Gateway to Think Tanks
来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP954 |
DP954 Convergence Empirics Across Economies with (Some) Capital Mobility | |
Danny Quah | |
发表日期 | 1994-05-31 |
出版年 | 1994 |
语种 | 英语 |
摘要 | This paper extends the bargaining and matching literature such as Rubinstein (1985) and Gale (1986 and 1987) by considering a new matching process. We assume that a central information agency exists, such as job centres and newspapers in the labour market, or real estate agents in the housing market, which puts potential traders into direct contact with each other. With agent heterogeneity, equilibrium trade is characterized by existing traders on the other side (since existing traders have already sampled and rejected each other). Two procedures of trade coexist, namely strategic bilateral bargaining and a competitive bidding process, depending on the number of potential matches a new trader obtains. We characterize the unique symmetric Markov Perfect equilibrium to this stochastic trading game. |
关键词 | Matching Perfect equilibrium Strategic bargaining |
URL | https://cepr.org/publications/dp954 |
来源智库 | Centre for Economic Policy Research (United Kingdom) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/530097 |
推荐引用方式 GB/T 7714 | Danny Quah. DP954 Convergence Empirics Across Economies with (Some) Capital Mobility. 1994. |
条目包含的文件 | 条目无相关文件。 |
个性服务 |
推荐该条目 |
保存到收藏夹 |
导出为Endnote文件 |
谷歌学术 |
谷歌学术中相似的文章 |
[Danny Quah]的文章 |
百度学术 |
百度学术中相似的文章 |
[Danny Quah]的文章 |
必应学术 |
必应学术中相似的文章 |
[Danny Quah]的文章 |
相关权益政策 |
暂无数据 |
收藏/分享 |
除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。