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Persistent link: https://www.econbiz.de/10012485043

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Vertical Differentiation in Monetary Search-Theorectic Models-Revisited

Chang, Chia-Ying - 2010

In this article, the discussion on quality levels in the monetary search theoretical model is extended. By having quality levels endogenously determined, we found that whether money holders have quality preferences is crucial to the results. While the effect of the fraction of money on quality...

Persistent link: https://www.econbiz.de/10013149151