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26.06. BGSE Workshop: Georg Nöldeke

BGSE Workshop with Georg Nöldeke (University of Basel)

Event details
What
  • BGSE Workshop
When Jun 26, 2019
from 12:00 to 13:00
Where room 0.017
Contact Name Stephan Lauermann
Contact Email
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Topic

 Stable Assignments and Search Frictions (joint paper with Stephan Lauermann)

Abstract

 We study the limits of the steady-state equilibrium outcomes in an assignment problem with search frictions as the velocity of the search technology goes to infinity. We show that these limiting equilibrium outcomes are either stable outcomes of the underlying static assignment problem or feature excessive matching. We provide examples to illustrate the latter possibility and sufficient conditions that ensure the stability of limiting equilibrium outcomes.
 

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