The present work offers a review on two divergent schools of thought regarding the subject of money and highlights why … understanding it is important to grasp the workings and nature of the concept of money. We adopt a spontaneous order perspective on … social institutions, considering money as one. Such framework allows for the construction of axioms from which we formulate …

not created due to a hold-up problem. Monetary expansion increases buyers' money holdings, and then, dealers are willing …

recipient loses from a transfer. This can occur in a wide range of circumstances, including perfect competition and the absence … of distortions. The literature, however, largely ignores the fact that most transfers are given in the form of money and … not in real (consumption) terms. Money holdings reflect postponed consumption and requires that a time dimension enters …

goods trade model which also captures trade through time in the form of inside money as used in macro literature on one good … way. -- Inside money ; general equilibrium ; Nash equilibrium ; numerical analysis ; tariff rate …

We present the first causal evidence on the persistent impact of enduring competition on prosociality. Inspired by the … competition period. 4-year follow-up data indicate that the effect persists and generalizes, suggesting a change in traits and not …