Matching and bargaining models of markets: approximating small markets by large markets

B-Tier
Journal: Economic Theory
Year: 1997
Volume: 11
Issue: 1
Pages: 215-224

Score contribution per author:

2.011 = (α=2.01 / 1 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

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 fixed, as the finite market becomes large its equilibrium approaches the equilibrium of its continuum limit.

Technical Details

RePEc Handle
repec:spr:joecth:v:11:y:1997:i:1:p:215-224
Journal Field
Theory
Author Count
1
Added to Database
2026-01-29