Distributional aspects of the divisibility of money: An example

Economic Theory

Volumn 25, Issue 2, 2005, Pages 487-495

  Camera, Gabriele ^a  

^a PURDUE UNIVERSITY   (United States)

Author keywords

Divisibility; Lotteries; Money distribution; Search

Indexed keywords

EID: 21244484711     PISSN: 09382259     EISSN: None     Source Type: Journal    
DOI: 10.1007/s00199-004-0480-x     Document Type: Article

References (7)

1. Berentsen, A., Camera G., Waller C.: The distribution of money and prices in an equilibrium with lotteries. Economic Theory (forthcoming) (2004)
2. Berentsen, A., Molico M., Wright, R.: Indivisibilities, lotteries and monetary exchange. Journal of Economic Theory 107(1), 1-25 (2002)
3. Berentsen, A., Rocheteau, G.: On the efficiency of monetary exchange: how divisibility of money matters. Journal of Monetary Economics 49, 1621-1650 (2002)
4. Camera G., Corbae, D.: Money and price dispersion. International Economic Review 40, 985-1008 (1999)
5. Green, E.J., Zhou, R.: Dynamic monetary equilibrium in a random matching economy. Econometrica 70, 929-969 (2002)
6. Kiyotaki N., Wright R.: A search-theoretic approach to monetary economics. American Economic Review 83, 63-77 (1993)
7. Ravikumar, B. Wallace, N.: A benefit of uniform currency. Manuscript, University of Iowa (2001)