Year: 2000
Type: article
Abstract: This article develops aggregate relations for a matching market of heterogeneous suppliers and demanders. Under particular assumptions about the distribution of preferences and the matching game, asymptotic aggregate relations for the number of realized matches of different types in the presence of flexible contracts (such as a price) are derived. Simulation experiments demonstrate that the model also provides excellent predictions in small populations. The potential for applications within demographic, labor market, and welfare analyses is discussed.
Source: International Economic Review
Author: John K. Dagsvik
Institution: Statistics Norway
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W2016932226