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Commodity Money Equilibrium in a Convex Trading Post Economy

In: Why is there Money?

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Abstract

The microeconomic foundation of the theory of money has long represented a puzzle to economic theory. Why is there Money? derives the foundations of monetary theory from advanced price theory in a mathematically precise family of trading post models.

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  • ., 2012. "Commodity Money Equilibrium in a Convex Trading Post Economy," Chapters, in: Why is there Money?, chapter 11, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:13763_11
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    Economics and Finance;

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