Bignon, Vincent; Compain, Claire - In: Revue d'économie politique 111 (2001) 3, pp. 347-375
The search-theoretic approach to monetary economics, initiated by the seminal papers of Kiyotaki and Wright [1989, 1993], offers a framework for the rationale of money, defined as an intrinsically useless object or good used as medium of exchange. This class of models has been criticized for the...