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2003•RePEc: Research Papers in EconomicsOpen access

Indeterminacy and search theory

Nicola Giammarioli

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Abstract

Literature 3 Search Theory and the Matching Technology 4 The Benchmark Model 4.1 Problem.sSolution 4.2 Existence of the Steady State 4.3 Local Dynamics 5 Decentralized version of the model 5.1 The Household Problem 5.2 Wage Equation 5.3 Equivalence of the two approaches 6 A Numerical Simulation 7 Increasing Returns in Matching 8 Conclusions

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Literature 3 Search Theory and the Matching Technology 4 The Benchmark Model 4.1 Problem.sSolution 4.2 Existence of the Steady State 4.3 Local Dynamics 5 Decentralized version of the model 5.1 The Household Problem 5.2 Wage Equation 5.3 Equivalence of the two approaches 6 A Numerical Simulation 7 Increasing Returns in Matching 8 Conclusions

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Available abstract

Literature 3 Search Theory and the Matching Technology 4 The Benchmark Model 4.1 Problem.sSolution 4.2 Existence of the Steady State 4.3 Local Dynamics 5 Decentralized version of the model 5.1 The Household Problem 5.2 Wage Equation 5.3 Equivalence of the two approaches 6 A Numerical Simulation 7 Increasing Returns in Matching 8 Conclusions

Key concepts: Indeterminacy (philosophy), Economics, Externality, Matching (statistics), Business cycle, Econometrics, Returns to scale, Search theory

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