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There are two general ways in which the role of fiat money has been introduced in the standard monetary search … centralized institution that favors the use of fiat money through specific transaction policies. We carry out a similar exercise … conditions for which there exist equilibria with circulating fiat money and evaluate the main differences with the results …
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The paper deals with the competitive effects of price guarantees in a spatial duopoly where consumers can search for lower prices but have to incur hassle costs if they want to claim a price guarantee. It is shown that symmetric equilibria with and without price guarantees exist but price...
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This paper studies the effects of the high-speed internet expansion on the match quality of new hires. They combine data on internet availability at the local level with German individual register and vacancy data. Results show that internet availability has no major impact on the stability of...
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This paper examines the effect of price matching guarantees (PMGs) in a sequential search model. PMGs are …
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