AMENDOLA, Nicola - In: Rivista Italiana degli Economisti 13 (2008) 1, pp. 39-64
According to Engineer and Shi (1998, 2001) and Berentsen and Rocheteau (2003), the double coincidence of wants problem seems to be not essential to rationalize the use of money in a search theoretic framework. This paper analyzes an endogenous price search model of money where there is universal...