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文章基本信息

  • 标题:On the Micro-Foundations of Money: The Capitol Hill Baby-Sitting Co-op
  • 本地全文:下载
  • 作者:Hens, Thorsten ; Schenk-Hoppe, Klaus Reiner ; Vogt, Bodo
  • 期刊名称:Journal of Agribusiness
  • 印刷版ISSN:0738-8950
  • 出版年度:2003
  • 期号:suppl
  • 出版社:Journal of Agribusiness
  • 摘要: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.
  • 关键词:micro foundations of money;optimal;quantity of money
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