Jean, Kasie; Rabinovich, Stanislav; Wright, Randall - In: Journal of Economic Theory 145 (2010) 1, pp. 392-401
Green and Zhou relax the assumption, made in early search-based models of monetary exchange, of indivisible money. Their paper and various extensions make much technical progress, and derive some interesting substantive results. In particular, they show there is an indeterminacy of steady-state...