A dynamic equilibrium model of search, production, and exchange

DOI10.1016/0165-1889(93)90012-HMaRDI QIDQ690163zbMATH OpenOpenAlexFDO

Authors Michele Boldrin, Nobuhiro Kiyotaki, Randall Wright

Publication date 1993

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/0165-1889(93)90012-h

zbMATH Keywords

productionexchangeBellman's equationscontinuum of commoditiescontinuum of infinite-lived agentsdynamic equilibriumgeneral equilibrium model of searchmultiple steady state equilibrium

Mathematics Subject Classification ID

General equilibrium theory (91B50) Economic growth models (91B62) Multisectoral models in economics (91B66)

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Cites work

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Cited in

(16)

• Dynamics and comparative statics of Coleman's exchange model*
• Intermediation in markets for goods and markets for assets
• Search theory of imperfect competition with decreasing returns to scale
• A general equilibrium model of a production economy with asset markets.
• Introduction to the symposium issue on money and liquidity
• A new look at the Diamond search model: Stochastic cycles and equilibrium selection in search equilibrium.
• Separation cycles
• Employment cycles in search equilibrium
• Global dynamics in a model with search and matching in labor and capital markets
• Indirect reciprocity and money
• A dynamic equilibrium model of search, bargaining, and money
• THE DYNAMICS OF BILATERAL EXCHANGE AND DIVISION OF LABOR
• Persistence and volatility of Beveridge cycles
• scientific article; zbMATH DE number 6481517 (Why is no real title available?)
• A dynamic general disequilibrium model of a sequential monetary production economy
• The Distribution of Inventory Holdings in a Pure Exchange Barter Search Economy

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