Bar-Ilan, Avner; Marion, Nancy - In: Journal of Economic Dynamics and Control 37 (2013) 12, pp. 2668-2678
We extend the literature on the demand for money by relaxing the assumption of a constant rate of consumption. Although total consumption is still fixed over the period, agents can choose more than one rate of consumption and cash depletion in the period to minimize the cost of money management....
