Price formation in random matching model
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F11%3A00053072" target="_blank" >RIV/00216224:14560/11:00053072 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
Price formation in random matching model
Original language description
This paper is dealing with a question how are monetary prices determined in the random matching model. When answering this question current literature assumes that money or good is indivisible and solves this problem in Nash axiomatic bargaining framework. This paper provides a random matching model where prices are determined in sequential bargaining process and the indivisibility restrictions are not imposed. Determination of prices in this model does not depend on the marginal values but it is determined by the probability of nding a new trading partner. There is a price dispersion in the model when agents are heterogenous.
Czech name
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
AH - Economics
OECD FORD branch
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Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2011
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
Proceedings of the 29th International Conference Mathematical Methods in Economics 2011
ISBN
978-80-7431-058-4
ISSN
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e-ISSN
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Number of pages
6
Pages from-to
641-646
Publisher name
University of Economics, Faculty of Informatics and Statistics
Place of publication
Prague
Event location
Jánská Dolina
Event date
Sep 7, 2011
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
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