Commodity Money Equilibrium in a Walrasian Trading Post Model: An Example
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Kurz, Mordecai, 1974. "Equilibrium in a Finite Sequence of Markets with Transaction Cost," Econometrica, Econometric Society, vol. 42(1), pages 1-20, January.
- Kiyotaki, Nobuhiro & Wright, Randall, 1989. "On Money as a Medium of Exchange," Journal of Political Economy, University of Chicago Press, vol. 97(4), pages 927-954, August.
- Jones, Robert A, 1976. "The Origin and Development of Media of Exchange," Journal of Political Economy, University of Chicago Press, vol. 84(4), pages 757-775, August.
- Shapley, Lloyd S & Shubik, Martin, 1977. "Trade Using One Commodity as a Means of Payment," Journal of Political Economy, University of Chicago Press, vol. 85(5), pages 937-968, October.
- Hahn, F H, 1971. "Equilibrium with Transaction Costs," Econometrica, Econometric Society, vol. 39(3), pages 417-439, May.
- Peter Howitt, 2005. "Beyond Search: Fiat Money In Organized Exchange," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 46(2), pages 405-429, May.
- Walter Perrin Heller & Ross M. Starr, 1976. "Equilibrium with Non-convex Transactions Costs: Monetary and Non-monetary Economies," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 43(2), pages 195-215.
- Foley, Duncan K., 1970. "Economic equilibrium with costly marketing," Journal of Economic Theory, Elsevier, vol. 2(3), pages 276-291, September.
- David Starrett, 1973. "Inefficiency and the Demand for "Money" in a Sequence Economy," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 40(4), pages 437-448.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Ross M. Starr, 2012. "Why is there Money?," Books, Edward Elgar Publishing, number 13763.
- Starr, Ross M, 2005. "Commodity Money Equilibrium in a Walrasian Trading Post Model: An Elementary Example," University of California at San Diego, Economics Working Paper Series qt1200q2z3, Department of Economics, UC San Diego.
- Starr, Ross M., 2014. "Liquidity Creates Money and Debt: An Intertemporal Linear Trading Post Model," University of California at San Diego, Economics Working Paper Series qt1vk1k4fm, Department of Economics, UC San Diego.
- Starr, Ross M., 2014. "Liquidity Creates Money and Debt: An Intertemporal Linear Trading Post Model," University of California at San Diego, Economics Working Paper Series qt90g2070h, Department of Economics, UC San Diego.
- Starr, Ross M., 2002. "Existence of Uniqueness of "Money" in General Equilibrium: Natural Monopoly in the Most Liquid Asset," University of California at San Diego, Economics Working Paper Series qt660465rm, Department of Economics, UC San Diego.
- Dubey, Pradeep & Sahi, Siddhartha & Shubik, Martin, 2018.
"Money as minimal complexity,"
Games and Economic Behavior, Elsevier, vol. 108(C), pages 432-451.
- Pradeep Dubey & Siddhartha Sahi & Martin Shubik, 2015. "Money as Minimal Complexity," Department of Economics Working Papers 15-01, Stony Brook University, Department of Economics.
- Pradeep Dubey & Siddhartha Sahi & Martin Shubik, 2015. "Money as Minimal Complexity," Papers 1512.02317, arXiv.org, revised Dec 2015.
- Pradeep Dubey & Siddhartha Sahi & Martin Shubik, 2015. "Money as Minimal Complexity," Cowles Foundation Discussion Papers 1990, Cowles Foundation for Research in Economics, Yale University.
- Pradeep Dubey & Siddhartha Sahi & Martin Shubik, 2014.
"Minimally complex exchange mechanisms: Emergence of prices, markets, and money,"
Department of Economics Working Papers
14-01, Stony Brook University, Department of Economics.
- Pradeep Dubey & Siddhartha Sahi & Martin Shubik, 2014. "Minimally Complex Exchange Mechanisms: Emergence of Prices, Markets, and Money," Cowles Foundation Discussion Papers 1945, Cowles Foundation for Research in Economics, Yale University.
- Dubey, Pradeep & Sahi, Siddhartha & Shubik, Martin, 2018.
"Graphical exchange mechanisms,"
Games and Economic Behavior, Elsevier, vol. 108(C), pages 452-465.
- Pradeep Dubey & Siddhartha Sahi & Martin Shubik, 2015. "Graphical Exchange Mechanisms," Papers 1512.04637, arXiv.org.
- Starr, Ross & Spini, Pietro Emilio, 2022. "Thick Market Externality and Concentration of `Money'," University of California at San Diego, Economics Working Paper Series qt8qr0r0n7, Department of Economics, UC San Diego.
- Starr, Ross M., 2008. "Commodity money equilibrium in a convex trading post economy with transaction costs," Journal of Mathematical Economics, Elsevier, vol. 44(12), pages 1413-1427, December.
- Starr, Ross M., 2008. "Mengerian Saleableness and Commodity Money in a Walrasian Trading Post Example," University of California at San Diego, Economics Working Paper Series qt92k1n9mn, Department of Economics, UC San Diego.
- Starr, Ross M., 2007. "Commodity Money Equilibrium in a Convex Trading Post Economy with Transaction Costs," University of California at San Diego, Economics Working Paper Series qt8rj7w6vg, Department of Economics, UC San Diego.
- Starr, Ross M., 2008. "Mengerian saleableness and commodity money in a Walrasian trading post example," Economics Letters, Elsevier, vol. 100(1), pages 35-38, July.
- Starr, Ross M., 1999. "Why is there Money? Convergence to a Monetary Equilibrium in a General Equilibrium Model with Transaction Costs," University of California at San Diego, Economics Working Paper Series qt253553nn, Department of Economics, UC San Diego.
- Shouyong Shi, 2006. "A Microfoundation of Monetary Economics," Working Papers tecipa-211, University of Toronto, Department of Economics.
- Ross Starr, 2000. "Why is there Money? Convergence to a Monetary Equilibrium in a General Equilibrium Model with Transaction Costs," Econometric Society World Congress 2000 Contributed Papers 0058, Econometric Society.
- Bewley, Truman, 1983.
"A Difficulty with the Optimum Quantity of Money,"
Econometrica, Econometric Society, vol. 51(5), pages 1485-1504, September.
- Truman Bewley, 1979. "The Optimum Quantity of Money," Discussion Papers 383, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Lars Ljungqvist & Thomas Sargent, 1999. "Matlab code for the Bewley model with production," QM&RBC Codes 19, Quantitative Macroeconomics & Real Business Cycles.
- Shouyong Shi, 2006.
"Viewpoint: A microfoundation of monetary economics,"
Canadian Journal of Economics, Canadian Economics Association, vol. 39(3), pages 643-688, August.
- Shouyong Shi, 2006. "Viewpoint: A microfoundation of monetary economics," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 39(3), pages 643-688, August.
- Starr, Ross M., 2007. "Equilibrium and Media of Exchange in a Convex Trading Post Economy With Transaction Costs," University of California at San Diego, Economics Working Paper Series qt3wx6s4z8, Department of Economics, UC San Diego.
- Starr, Ross M., 1998. "Monetizing Trade: A Tatonnement Example," University of California at San Diego, Economics Working Paper Series qt4mz6w2j1, Department of Economics, UC San Diego.
More about this item
Keywords
Transaction cost; bid/ask spread; money; Arrow-Debreu general equilibrium;All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cdl:ucsdec:qt3267p6wj. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Lisa Schiff (email available below). General contact details of provider: https://edirc.repec.org/data/deucsus.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.