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MONEY AND THE GAINS FROM TRADE

Berentsen, Aleksander; Rocheteau, Guillaume

Description

This article studies the role of money in environments where in each meeting there is a double coincidence of real wants. Traders who meet at random finance their purchases through current production, the sale of divisible money or both. 11 is shown that

CollectionsANU Research Publications
Date published: 2003
Type: Journal article
URI: http://hdl.handle.net/1885/74117
Source: International Economic Review
DOI: 10.1111/1468-2354.t01-1-00070

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