"On the Existence of Single-Price Equilibria in a Matching Model with Divisible Money and Production Cost"

This paper investigates Zhou [4]'s money search model, where money is divisible, agents can hold any amount of money, and production of goods is costly, and presents a sufficient condition, expressed in terms of exogenously given parameters, for the existence of single-price equilibria.

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Year of publication:	2004-06
Authors:	Kamiya, Kazuya ; Morishita, Noritsugu ; Shimizu, Takashi
Institutions:	Center for International Research on the Japanese Economy (CIRJE), Faculty of Economics

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Extent:	application/pdf
Series:	CIRJE F-Series.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number CIRJE-F-283 15 pages
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005465400