Equilibrium using credit or money with indivisible goods

DOI10.1016/J.JET.2016.08.007MaRDI QIDQ337796zbMATH OpenOpenAlexFDO

Authors Han Han, Benoît Julien, Asgerdur Petursdottir, Liang Wang

Publication date 3 November 2016

Published in Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL http://opus.bath.ac.uk/52814/1/JET_YJETH4586.pdf

zbMATH Keywords

bargaininguniquenessindivisibilitycompetitive search

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Microeconomic theory (price theory and economic markets) (91B24) Special types of economic equilibria (91B52)

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• Existence of a competitive equilibrium when all goods are indivisible
• Buying several indivisible goods
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• Price indeterminacy and bargaining in a market with indivisibilities
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Cites work

• A Divisible Search Model of Fiat Money
• A rudimentary random-matching model with divisible money and prices
• Bidding for money
• Equilibrium Price Dispersion
• Indivisibilities, lotteries, and monetary exchange
• Monetary mechanisms
• Money and prices: A model of search and bargaining
• Money in Search Equilibrium, in Competitive Equilibrium, and in Competitive Search Equilibrium
• ON THE “HOT POTATO” EFFECT OF INFLATION: INTENSIVE VERSUS EXTENSIVE MARGINS
• On the Efficiency of Matching and Related Models of Search and Unemployment
• On the multiplicity of monetary equilibria: Green-Zhou meets Lagos-Wright
• Sticky prices and costly credit

Cited in

(4)

• A new suggestion for simplifying the theory of money
• Trade using assets divisible at a cost
• Revisiting multiplicity of bubble equilibria in a search model with posted prices
• Self-confirming price dispersion in monetary economies

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