Does commodity money eliminate the indeterminacy of equilibrium?
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Publication:1399549
DOI10.1016/S0022-0531(03)00007-3zbMath1042.91083OpenAlexW2083151530MaRDI QIDQ1399549
Publication date: 30 July 2003
Published in: Journal of Economic Theory (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1016/s0022-0531(03)00007-3
Related Items (6)
On the multiplicity of monetary equilibria: Green-Zhou meets Lagos-Wright ⋮ Real indeterminacy of stationary equilibria in matching models with divisible money ⋮ Stationary monetary equilibria with strictly increasing value functions and non-discrete money holdings distributions: an indeterminacy result ⋮ A commodity-money refinement in matching models ⋮ Self-confirming price dispersion in monetary economies ⋮ Revisiting multiplicity of bubble equilibria in a search model with posted prices
Cites Work
- Efficient mechanisms for bilateral trading
- Introduction to modeling money and studying monetary policy
- A rudimentary random-matching model with divisible money and prices
- Decentralized Trading, Strategic Behaviour and the Walrasian Outcome
- Bargaining under Incomplete Information
- Dynamic Monetary Equilibrium in a Random Matching Economy
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