Existence of steady-state equilibria in matching models with search frictions

- We study two-sided matching models with search frictions.
- We develop a new approach to prove existence of steady-state equilibria.
- Two assumptions are shown to suffice for the existence of steady-state equilibria.
- Models with transferable and nontransferable utilities satisfy these assumptions.

We prove existence of steady-state equilibrium in a class of matching models with search frictions.