A NEW LOOK AT THE DIAMOND SEARCH MODEL: STOCHASTIC CYCLES AND EQUILIBRIUM SELECTION IN SEARCH EQUILIBRIUM

DOI10.1017/S1365100500017041zbMath1038.91539OpenAlexW2047299518MaRDI QIDQ2704143

Yoshimasa Shirai, Masanao Aoki

Publication date: 2000

Published in: Macroeconomic Dynamics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1017/s1365100500017041

zbMATH Keywords

equilibrium selectionFokker-Planck equationssearch equilibriumasymmetric cyclesjump-Markov process

Mathematics Subject Classification ID

Special types of economic equilibria (91B52) Search theory (90B40)

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