Random matching models and money: the global structure and approximation of the set of stationary equilibria

K. Kamiya and Dolf Talman ()

No 70, Discussion Paper from Tilburg University, Center for Economic Research

Abstract: Random matching models with different states are an important class of dynamic games; for example, money search models, job search models, and some games in biology are special cases. In this paper, we investigate the basic structure of the models: the existence of equilibria, the global structure of the set of equilibria, and the approximation and computation of equilibria. Under conditions which are typically satisfied in monetary models, the equilibrium condition can be considered as a nonlinear complementarity problem with some new feature.

JEL-codes: C61 C62 C63 C72 C73 D51 E40 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cmp, nep-gth, nep-mac and nep-mon
Date: 2003
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Related works:
Working Paper: Random Matching Models and Money: The Global Structure and Approximation of the Set of Stationary Equilibria (2003)
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Persistent link: http://EconPapers.repec.org/RePEc:dgr:kubcen:200370

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