Une théorie de l'élection de la cigarette comme monnaie

Based on an historical study of the cigarette money episode, we construct a commodity money model that explain the different types of means of payments used in post WW 2 Germany. After having shown that the basic features of exchanges were close to the assumptions of the search-theoretic approach, we construct a theory of commodity money based on 2 key parameters : the demand for consumption and the utility to consume it.Classification JEL : D83, E41, N14

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Year of publication:	2004
Authors:	Bignon, Vincent
Published in:	Revue économique. - Presses de Sciences-Po. - Vol. 55.2004, 3, p. 383-393
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 ; N14 - Europe: 1913-
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008578666