This paper shows the existence of independent random matching of a large (continuum) population in both static and dynamic systems, suitable for applications of the exact law of large numbers for random matching that have been popular in the economics and ge-netics literatures. We construct a joint agent-probability space, and randomized mutation, partial matching, and match-induced type-changing functions that satisfy appropriate in-dependence conditions. The proofs are achieved via nonstandard analysis. The proof for the dynamic setting relies on a new Fubini-type theorem for Loeb transition probabilities and their products, based on which a continuum of independent Markov chains is derived from random mutation, random partial matching an...
Abstract. This paper studies two-sided matching markets with non-transferable utility when the numbe...
Abstract. Random matching is often used in economic models as a means of introducing uncertainty in ...
Abstract. This paper studies two-sided matching markets with non-transferable utility when the numbe...
We show the existence of independent random matching among a continuum of agents in discrete-time dy...
Random matching models with a continuum population are widely used in economics to model decentraliz...
Many models postulate a continuum of agents of finitely many different types who are repeatedly rand...
Biologists and economists have analyzed populations where each individual interacts with randomly se...
Random matching models with a continuum population are widely used in economics to study environment...
Biologists and economists have analyzed populations where each individual interacts with randomly se...
This paper presents a model of random matching between individuals chosen from large populations. We...
We demonstrate the existence of a continuum of agents conducting directed random searches for counte...
We extend the notion of matching for one-dimensional dynamical systems to random matching for random...
“Entities should not be multiplied beyond necessity.” Occam’s razor Numerous economic models employ ...
This paper studies the effect of randomness in per-period matching on the long-run outcome of non-eq...
Abstract: The stage of evolution is the population of reproducing individuals. The structure of the ...
Abstract. This paper studies two-sided matching markets with non-transferable utility when the numbe...
Abstract. Random matching is often used in economic models as a means of introducing uncertainty in ...
Abstract. This paper studies two-sided matching markets with non-transferable utility when the numbe...
We show the existence of independent random matching among a continuum of agents in discrete-time dy...
Random matching models with a continuum population are widely used in economics to model decentraliz...
Many models postulate a continuum of agents of finitely many different types who are repeatedly rand...
Biologists and economists have analyzed populations where each individual interacts with randomly se...
Random matching models with a continuum population are widely used in economics to study environment...
Biologists and economists have analyzed populations where each individual interacts with randomly se...
This paper presents a model of random matching between individuals chosen from large populations. We...
We demonstrate the existence of a continuum of agents conducting directed random searches for counte...
We extend the notion of matching for one-dimensional dynamical systems to random matching for random...
“Entities should not be multiplied beyond necessity.” Occam’s razor Numerous economic models employ ...
This paper studies the effect of randomness in per-period matching on the long-run outcome of non-eq...
Abstract: The stage of evolution is the population of reproducing individuals. The structure of the ...
Abstract. This paper studies two-sided matching markets with non-transferable utility when the numbe...
Abstract. Random matching is often used in economic models as a means of introducing uncertainty in ...
Abstract. This paper studies two-sided matching markets with non-transferable utility when the numbe...