Open Access
February 2007 Existence of independent random matching
Darrell Duffie, Yeneng Sun
Ann. Appl. Probab. 17(1): 386-419 (February 2007). DOI: 10.1214/105051606000000673
Abstract

This paper shows the existence of independent random matching of a large (continuum) population in both static and dynamic systems, which has been popular in the economics and genetics literatures. We construct a joint agent-probability space, and randomized mutation, partial matching and match-induced type-changing functions that satisfy appropriate independence conditions. The proofs are achieved via nonstandard analysis. The proof for the dynamic setting relies on a new Fubini-type theorem for an infinite product of Loeb transition probabilities, based on which a continuum of independent Markov chains is derived from random mutation, random partial matching and random type changing.

Copyright © 2007 Institute of Mathematical Statistics
Darrell Duffie and Yeneng Sun "Existence of independent random matching," The Annals of Applied Probability 17(1), 386-419, (February 2007). https://doi.org/10.1214/105051606000000673
Published: February 2007
Vol.17 • No. 1 • February 2007
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