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policy maker; or when more than one union interacts with monopolistic competitors in the goods market and a policymaker. We …
Persistent link: https://www.econbiz.de/10005561157
This paper studies the existence of single-price price equilibrium from a given initial distribution of money holdings … in a search-theoretic model of money where agents have no time preference. The model is similar to the authors' recent … models of search economies with no constraints on money inventories, except that here money is modeled as indivisible and …
Persistent link: https://www.econbiz.de/10005561223
policy maker; or when more than one union interacts with monopolistic competitors in the goods market and a policymaker. We …
Persistent link: https://www.econbiz.de/10005561230