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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/19227| Title: | On the micro-foundations of money : the Capitol Hill Baby-Sitting Co-op |
| Keywords: | E42 C73 E41 E40 C92 C91 ddc:330 micro foundations of money optimal quantity of money Geldtheorie Mikroökonomische Fundierung Tauschwirtschaft Kinderbetreuung Geldnachfragetheorie Geldmenge Theorie Tauschring |
| Issue Date: | 16-Oct-2013 |
| Publisher: | |
| Description: | This paper contributes to the micro-foundation of money in centralized markets with idiosyncratic uncertainty. It shows existence of stationary monetary equilibria and ensures that there is an optimum quantity of money. The rational solution of our model is compared with actual behavior in a laboratory experiment. The experiment gives support to the theoretical approach. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/19227 |
| Other Identifiers: | http://hdl.handle.net/10419/19227 ppn:37476624X RePEc:zbw:hwwadp:26320 |
| Appears in Collections: | EconStor |
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