good (or money) in exchange. The total numbers of sellers of the two types determine the total production. The total number …An equilibrium model of advertising, production and exchange is developed. Sellers advertise and produce. In contrast … distortive advertising. Buyers read advertising, screen for quality of each good, choose prices optimally and provide a numeraire …

In 1999 a practical example illustrating the economical and reliable production of 99mTc from an accelerator was … established to account for inflation and current demand. The same distribution model and production schedule from the Global ‘99 …

century, suggests that the influence of real gold prices on production is not dominant, and that other economic conditions …In this paper we attempt to relate the discussion of the discovery and production of gold which appears in the …

still cannot explain the the holding and valuation of money. Using the concept of team-production of Alchian and Demsetz and … money but it is the organising feature of modern economies, giving rise to both episodes of stability and crises. In … constructing this argument I consider both orthodox and heterodox points of view. We analyse equilibrium models of money, and find …

In the canonical monetary policy model, money is endogenous to the optimal path for interest rates and output. But when … liquidity provision by banks dominates the demand for transactions money from the real economy, money is likely to contain … information for future output and inflation because of its impact on financial spreads. And so we decompose broad money into …