Informational diversity over time and optimality of monetary equilibria
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Publication:1173000
DOI10.1016/0022-0531(82)90061-8zbMath0502.90010OpenAlexW2068565625MaRDI QIDQ1173000
Publication date: 1982
Published in: Journal of Economic Theory (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1016/0022-0531(82)90061-8
Markov processoverlapping generations modelcompetitive equilibriaoptimality criterionfixed stock of fiat moneyinformational diversityreexamination of the optimalitysingle-spot market
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Cites Work
- The overlapping-generations model. I: The case of pure exchange without money
- Reply to Muench and Polemarchakis and Weiss
- Optimality, the interaction of spot and futures markets, and the nonneutrality of money in the Lucas model
- The role of money in supporting the Pareto optimality of competitive equilibrium in consumption-loan type models
- Resource Allocation Under Asymmetric Information
