Working Paper
Matching and Saving in Continuous Time: Proofs
Christian Bayer, Klaus Wälde
CESifo, Munich, 2010
CESifo Working Paper No. 3026-A
CESifo, Munich, 2010
CESifo Working Paper No. 3026-A
This paper provides the proofs to the analysis of a continuous time matching model with saving in Bayer and Wälde (2010a). The paper proves the results on consumption growth, provides an existence proof for optimal consumption and a detailed derivation of the Fokker-Planck equations.
CESifo Category
Labour Markets
Labour Markets
Keywords: continuous time uncertainty, Fokker-Planck equation, existence proof
JEL Classification: C620,C650