Cartelier, Jean; Rojas Breu, Mariana - Université Paris-Dauphine (Paris IX) - 2009
payment to use in trade ; i. e., inside or outside money. Our approach departs from the usual explanation of competition as a …, between entrepreneurs. We claim that monetary authorities can generally assure that outside money is used in income … equilibrium in capital circulation transactions. If half of entrepreneurs adopt inside money instead of outside money, all of them …