Berentsen, Aleksander; McBride, Michael; Rocheteau, … - Institut für Volkswirtschaftslehre, … - 2013
gains from trades due to differences in technologies and endowments, and the terms of trade are determined through a simple … subject to a private information problem. The asset plays the role of a medium of exchange, but this role can be affected by … information, a set of experiments with adverse selection where the terminal value of notes are determined exogenously, and a set …