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The Great Capitol Hill Baby Sitting Co-op : anecdote or evidence for the optimum quantity of money?
Hens, Thorsten; Schenk-Hoppé, Klaus Reiner; Vogt, Bodo - In: Journal of money, credit and banking : JMCB 39 (2007) 6, pp. 1305-1333
Persistent link: https://www.econbiz.de/10003537733
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On the Micro-Foundations of Money : The Capitol Hill Baby-Sitting Co-Op
Hens, Thorsten; Schenk-Hoppé, Klaus Reiner; Vogt, Bodo - 2011
model is compared with actual behavior in a laboratory experiment. The experiment gives support to the theoretical approach …
Persistent link: https://www.econbiz.de/10014029653
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Money and Reciprocity
Vogt, Bodo; Hens, Thorsten - 2004
Based on an experimental analysis of a simple monetary economy we argue that a monetary system is more stable than one would expect from individual rationality. We show that positive reciprocity stabilizes the monetary system, provided every participant considers the feedbacks of his choice to...
Persistent link: https://www.econbiz.de/10014096359
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On the micro-foundations of money: The Capitol Hill Baby-Sitting Co-op
Hens, Thorsten; Schenk-Hoppe, Klaus Reiner; Vogt, Bodo - 2003
model is compared with actual behavior in a laboratory experiment. The experiment gives support to the theoretical approach. …
Persistent link: https://www.econbiz.de/10010295388
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Money and Reciprocity
Hens, Thorsten; Vogt, Bodo - Institut für Schweizerisches Bankwesen <Zürich>; … - 2003
Based on an experimental analysis of a simple monetary economy we argue that a monetary system is more stable than one would expect from individual rationality. Weshow that positive reciprocity stabilizes the monetary system, provided everyparticipant considers accepting money as a reasonable...
Persistent link: https://www.econbiz.de/10005858586
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On the Micro-foundations of Money : The Capitol Hill Baby-Sitting Co-op
Hens, Thorsten; Schenk-Hoppe, Klaus Reiner; Vogt, Bodo - Institut für Schweizerisches Bankwesen <Zürich>; … - 2003
model is compared with actual be-havior in a laboratory experiment. The experiment gives support to thetheoretical approach. …
Persistent link: https://www.econbiz.de/10005858589
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Money and Reciprocity
Hens, Thorsten; Vogt, Bodo - Institut für Volkswirtschaftslehre, …
Based on an experimental analysis of a simple monetary economy we argue that a monetary system is more stable than one would expect from individual rationality. We show that positive reciprocity stabilizes the monetary system, provided every participant considers the feedbacks of his choice to...
Persistent link: https://www.econbiz.de/10005627772
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On the Micro-Foundations of Money : The Capitol Hill Baby-Sitting Co-Op
Hens, Thorsten; Schenk-Hoppé, Klaus Reiner; Vogt, Bodo - 2011
solution of our model is compared with actual behavior in a laboratory experiment. It turns out that the experiment gives …
Persistent link: https://www.econbiz.de/10014034117
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Horizontalists, verticalists, and structuralists : the theory of endogenous money reassessed
Palley, Thomas I. - 2013
endogenen Geldtheorie behält die grundlegende Erkenntnis bei, dass die Geldmenge Kredit getrieben ist, aber behebt die … diese Arbeit mit einer Neubewertung der endogenen Geldtheorie. Im Text wird zwischen Horizontalisten, Vertikalisten und …
Persistent link: https://www.econbiz.de/10010201643
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Money and Capital Adjustment : Revisiting the Role of Money for Production
Song, Jae Eun - 2017
This study presents a new monetarist model, in which monetary liquidity is essential for capital adjustment, to analyze the effects of money growth on the production side. Results from revisiting the classic issue of money and capital with this model highlight the role of the diminishing rate of...
Persistent link: https://www.econbiz.de/10012962060