Kamiya, Kazuya; Morishita, Noritsugu; Shimizu, Takashi - Center for International Research on the Japanese … - 2004
This paper investigates Zhou [4]'s money search model, where money is divisible, agents can hold any amount of money, and production of goods is costly, and presents a sufficient condition, expressed in terms of exogenously given parameters, for the existence of single-price equilibria.