Berentsen, Aleksander; Rocheteau, Guillaume - In: Revue d'économie politique 111 (2001) 3, pp. 377-399
Many search models of money rely on the double coincidence of real wants problem to generate a role for money and, for the sake of tractability, assume money to be indivisible. In this article, we study the implications of these two assumptions for the formation of the terms of trades and the...
