A Dynamic Equilibrium Model of Search, Bargaining, and Money
在随机匹配、策略性议价和货币的模型中研究动态均衡，将议价博弈均衡简化为微分方程，嵌入货币经济后可产生极限环等新现象，对研究货币政策和宏观经济波动有用。
This paper considers dynamic equilibria in a model with random matching, strategic bargaining, and money. Equilibrium in the bargaining game is characterized in terms of a simple differential equation. When we embed this characterization into the monetary economy, the model can generate outcomes such as limit cycles that never arise if one imposes a myopic Nash bargaining solution, as has been done in the past.Journal of Economic LiteratureClassification Numbers: C78, D83, E31.