Inflation tax in the lab: a theoretical and experimental study of competitive search equilibrium with inflation

DOI10.1016/j.jedc.2015.09.005zbMath1401.91299OpenAlexW1910815949MaRDI QIDQ1657424

Richard Dutu, Nick Feltovich, Nejat Anbarci

Publication date: 13 August 2018

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: http://dro.dur.ac.uk/26031/1/26031pdf.pdf

zbMATH Keywords

experimentfrictionposted pricemoneywelfare lossdirected search

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Experimental studies (91A90)

Related Items

Balance of power and the propensity of conflict

Uses Software

• Z-Tree

Cites Work

• The cost of inflation: a mechanism design approach
• Bidding for money
• Expectations and learning under alternative monetary regimes: An experimental approach
• Experimental evidence on money as a medium of exchange
• Indeterminacy and directed search.
• Inflation and Welfare
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• DIRECTED SEARCH, COORDINATION FAILURE, AND SELLER PROFITS: AN EXPERIMENTAL COMPARISON OF POSTED PRICING WITH SINGLE AND MULTIPLE PRICES
• Money and Interest in a Cash-in-Advance Economy
• Competing auctions: Finite markets and convergence
• Money in Search Equilibrium, in Competitive Equilibrium, and in Competitive Search Equilibrium
• ON THE “HOT POTATO” EFFECT OF INFLATION: INTENSIVE VERSUS EXTENSIVE MARGINS
• Directed Matching and Monetary Exchange
• Critical Values for the Robust Rank-Order Test