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• W2912685005 abstract "Most of the literature that studies frictional search-and-matching models with heterogeneous agents and random search investigates steady states. Steady state requires that the flows of agents into and out of the population of unmatched agents balance. Here, we investigate the structure of this steady-state condition. We build on the ``fundamental matching lemma'' for quadratic search technologies in Shimer and Smith (2000) and establish the existence, uniqueness, and comparative-static properties of the solution to the steady-state condition for any search technology that satisfies minimal regularity conditions." @default.
• W2912685005 created "2019-02-21" @default.
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• W2912685005 date "2018-01-01" @default.
• W2912685005 modified "2023-09-27" @default.
• W2912685005 title "Steady States in Search-and-Matching Models" @default.
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