Decentralizing constrained-efficient allocations in the Lagos-Wright pure currency economy

DOI10.1016/J.JET.2016.09.011zbMath1400.91336OpenAlexW2543053977MaRDI QIDQ503039

Guillaume Rocheteau, Mario Rafael Silva, Ayushi Bajaj, Tai-Wei Hu

Publication date: 11 January 2017

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

Full work available at URL: https://doi.org/10.1016/j.jet.2016.09.011

zbMATH Keywords

divisibilityimplementationmoney

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Auctions, bargaining, bidding and selling, and other market models (91B26)

Related Items (4)

Optimal monetary interventions in credit markets ⋮ On the benefits of currency reform ⋮ Co-essentiality of money and credit: a mechanism-design view ⋮ A tractable model of monetary exchange with ex post heterogeneity

Cites Work

• Monetary mechanisms
• The cost of inflation: a mechanism design approach
• General equilibrium with nonconvexities and money
• Essential interest-bearing money
• Indivisibilities, lotteries, and monetary exchange
• Optimal money creation in “pure currency” economies: a conjecture *
• Money in Search Equilibrium, in Competitive Equilibrium, and in Competitive Search Equilibrium

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