Social welfare and search intensity in an exchange economy with friction /

I develop a model of a decentralized, exchange economy where agents who meet via random, pairwise matching choose a search intensity along with a trading strategy to maximize their utility. Search intensity serves as a proxy for the amount of resources devoted to exchange. In regard to trading str...

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Bibliographic Details

Main Author:	Arias, James Jeffrey
Format:	Thesis Book
Language:	English
Published:	[Place of publication not identified] : [publisher not identified] ; 1996.
Subjects:	Major economics.
Online Access:	http://proxy.library.tamu.edu/login?url=http://proquest.umi.com/pqdweb?did=739623401&sid=1&Fmt=2&clientId=2945&RQT=309&VName=PQD