Describing the Dynamics of Distribution in Search and Matching Models by Fokker-Planck Equations

Klaus Wälde and Christian Bayer

VfS Annual Conference 2011 (Frankfurt, Main): The Order of the World Economy - Lessons from the Crisis from Verein für Socialpolitik / German Economic Association

Abstract: This paper provides the proofs to the analysis of a continuous time matching model with saving in Bayer and Wälde (2010a). The paper proves the results on consumption growth, provides an existence proof for optimal consumption and a detailed derivation of the Fokker-Planck equations.

Keywords: frictional labour markets; optimal saving; incomplete markets; Poisson uncertainty; Fokker-Planck equations; general equilibrium (search for similar items in EconPapers)
JEL-codes: C62 C65 J60 (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (3)

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Related works:
Working Paper: Describing the Dynamics of Distributions in Search and Matching Models by Fokker-Planck Equations (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:vfsc11:48736

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