General equilibrium with nonconvexities and money

DOI10.1016/J.JET.2006.07.011MaRDI QIDQ951016zbMATH OpenOpenAlexFDO

Authors Guillaume Rocheteau, Peter Rupert, Karl Shell, Randall Wright

Publication date 29 October 2008

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

Full work available at URL https://doi.org/10.1016/j.jet.2006.07.011

zbMATH Keywords

searchgeneral equilibriumlotteriesmoneynonconvexitiesindivisible goodssunspot equilibriumextrinsic uncertaintysunspotslottery equilibriummonetary economics

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) General equilibrium theory (91B50)

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• Money, nonconvex preferences and the existence of equilibrium: A note
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Cites work

• scientific article; zbMATH DE number 52448 (Why is no real title available?)
• A Divisible Search Model of Fiat Money
• A rudimentary random-matching model with divisible money and prices
• An overlapping-generations model with search
• Dynamics, cycles, and sunspot equilibria in `genuinely dynamic, fundamentally disaggregative' models of money.
• Equilibrium prices when the sunspot variable is continuous.
• Existence of Competitive Equilibria in Markets with a Continuum of Traders
• Existence of Steady States With Positive Consumption in the Kiyotaki-Wright Model
• Existence of a monetary steady state in a matching model: Indivisible money.
• Existence of a monetary steady state in a matching model: divisible money
• Indivisibilities, lotteries, and sunspot equilibria
• Introduction to sunspots and lotteries
• Lotteries, sunspots, and incentive constraints
• Markets with a Continuum of Traders
• Microeconomic theory
• Money and prices: A model of search and bargaining
• Money in Search Equilibrium, in Competitive Equilibrium, and in Competitive Search Equilibrium
• Money is memory

Cited in

(13)

• The nonconcavity of money-metric utility: a new formulation and proof
• Monetary mechanisms
• Introduction to the symposium issue on money and liquidity
• A dynamic model of settlement
• A uniqueness proof for monetary steady state
• Frictional capital reallocation. I: Ex ante heterogeneity
• Inflation and unemployment in competitive search equilibrium
• Endogenous liquidity and volatility
• On the multiplicity of monetary equilibria: Green-Zhou meets Lagos-Wright
• Money, nonconvex preferences and the existence of equilibrium: A note
• Decentralizing constrained-efficient allocations in the Lagos-Wright pure currency economy
• Endogenous buyer-seller choice and divisible money in search equilibrium
• Introduction to monetary and macro economics

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