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Marketplaces and matching

Coles, MG and Smith, E (1998) 'Marketplaces and matching.' International Economic Review, 39 (1). 239 - 254. ISSN 0020-6598

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Abstract

This paper models trading patterns when marketplaces exist and goods are differentiated. When first visiting the market, a buyer samples a stock of goods. If fortunate, the buyer finds a match, purchases one of these goods and then exits. If not, the buyer can now only match with the flow of new goods. In a steady state, the stock of unmatched traders on one side of the market is trying to match with the flow of new traders on the other side. This behaviour is shown to describe matching patterns between unemployed job seekers and vacancies in U.K. Job Centres.

Item Type: Article
Subjects: H Social Sciences > HB Economic Theory
Divisions: Faculty of Social Sciences > Economics, Department of
Depositing User: Jim Jamieson
Date Deposited: 29 Jun 2012 12:41
Last Modified: 17 Aug 2017 18:11
URI: http://repository.essex.ac.uk/id/eprint/2688

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