Matching and Saving in Continuous Time: Proofs

31 Pages Posted: 4 May 2010

See all articles by Christian Bayer

Christian Bayer

Weierstras Institute for Applied Analysis and Stochastics (WIAS)

Klaus Wälde

University of Mainz; CESifo (Center for Economic Studies and Ifo Institute); UCL at Louvain la Neuve

Date Written: April 2010

Abstract

This paper provides the proofs to the analysis of a continuous time matching model with saving in Bayer and Wälde (2010a). The paper proves the results on consumption growth, provides an existence proof for optimal consumption and a detailed derivation of the Fokker-Planck equations.

Keywords: continuous time uncertainty, Fokker-Planck equation, existence proof

JEL Classification: C62, C65

Suggested Citation

Bayer, Christian and Wälde, Klaus, Matching and Saving in Continuous Time: Proofs (April 2010). CESifo Working Paper Series No. 3026-A, Available at SSRN: https://ssrn.com/abstract=1597602

Christian Bayer

Weierstras Institute for Applied Analysis and Stochastics (WIAS) ( email )

Mohrenstr. 39
Berlin, 10117
Germany

Klaus Wälde (Contact Author)

University of Mainz ( email )

Mainz School of Management and Economics
Mainz, 55128
Germany
+49 6131 3920143 (Phone)

HOME PAGE: http://www.waelde.com

CESifo (Center for Economic Studies and Ifo Institute)

Poschinger Str. 5
Munich, DE-81679
Germany

UCL at Louvain la Neuve

Place Montesquieu, 3
Louvain-la-Neuve, 1348
Belgium

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