Note sur l'origine de la monnaie dans les modèles de search

The selection of the monetary equilibrium in the search-theoretic approach to money remains an open question. This paper introduces a population heterogeneity in a simple search model to study how the use of money by a subset of agents can spread itself to the economy through the bootstrap mechanism. The local use of money must be based on additional assumptions, such as extraneous social belief or a local ability to coordinate.Classification JEL : D83, E41

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Year of publication:	2003
Authors:	Bignon, Vincent ; Breton, Régis
Published in:	Revue économique. - Presses de Sciences-Po. - Vol. 54.2003, 3, p. 521-529
Publisher:	Presses de Sciences-Po

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Extent:	application/pdf text/html
Type of publication:	Article
Classification:	D83 - Search, Learning, Information and Knowledge ; E41 - Demand for Money
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008578951