The distribution of money and prices in an equilibrium with lotteries

Economic Theory

Volumn 24, Issue 4, 2004, Pages 887-906

  Berentsen, Aleksander ^a   Camera, Gabriele ^b   Waller, Christopher ^c  

^a UNIVERSITY OF BASEL   (Switzerland)

^b PURDUE UNIVERSITY   (United States)

^c UNIVERSITY OF NOTRE DAME   (United States)

Author keywords

Lotteries; Money distribution; Price dispersion; Search

Indexed keywords

EID: 7544247085     PISSN: 09382259     EISSN: None     Source Type: Journal    
DOI: 10.1007/s00199-004-0485-5     Document Type: Conference Paper

References (13)

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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. Berentsen, A., Camera G., Waller C.: The distribution of money balances and the non-neutrality of money. Manuscript, University of Basel (2003)
5. Bewley, T.: A difficulty with the optimum quantity of money. Econometrica 51(5), 1485-1504 (1983)
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13. Zhou R.: Individual and aggregate real balances in a random matching model. International Economic Review 40, 1009-1038 (1999)