Author: Ruilin ZhouPublisher:
ISBN:
Category : Money
Languages : en
Pages : 15
Book Description
Does Commodity Money Eliminate the Indeterminacy of Equilibria?
Author: Ruilin ZhouDoes Commodity Money Eliminate the Indeterminacy of Equilibria?
Author: Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
The Federal Reserve Bank of Chicago presents the full text of the October 1999 working paper entitled "Does Commodity Money Eliminate the Indeterminacy of Equilibria?," written by Ruilin Zhou. The text is available in PDF format. This paper develops a random-matching model with dividend-yielding commodity money to provide evidence that continuum of stationary single-price equilibria exists when the utility of dividend is not too high.
Monetary Policy and Commodity Money Equilibria
Author: Gerald NickelsburgJournal of Economic Theory
Author: PennsylvaniaPublisher:
ISBN:
Category : Economics
Languages : en
Pages : 786
Book Description
A Model of Commodity Money, with Applications to Gresham's Law and the Debasement Puzzle
Author: François R. VeldePublisher:
ISBN:
Category : Circular velocity of money
Languages : en
Pages : 76
Book Description
Commodity Money Equilibrium in a Walrasian Trading Post Model
Author: A Theory of Money, Prices and the Rate of Interest
Author: Martin ShubikPublisher:
ISBN:
Category : Game theory
Languages : en
Pages : 28
Book Description
Enough Commodity Money and the Selection of a Unique Competitive Equilibrium
Author: Martin ShubikA Theory of Money and Financial Institutions. Part III. The Missing Degree of Freedom: Commodity Money and Oligopoly in a General Equilibrium Model
Author: Martin ShubikPublisher:
ISBN:
Category :
Languages : en
Pages : 33
Book Description
It is suggested that an extra degree of freedom is needed to construct a symmetric noncooperative price game in a market with n monopolists trading in n goods. This calls for the introduction of an n+1 good which can be interpreted as a commodity money. The quantity game is examined. Necessary conditions are shown for the replicated game to have its noncooperative equilibria approach the competitive equilibria of the replicated market. A shadow price is discussed in relation to monetary capacity constraints.
Money and the Mechanism of Exchange
Author: William Stanley JevonsPublisher: New York : D. Appleton, c[1875]
ISBN:
Category : Exchange
Languages : en
Pages : 396
Book Description
Series title also at head of t.p.