Rate-of-Return Dominance and Efficiency in an Experimental Economy.

One of the main challenges for monetary economics is to explain the use of assets that are dominated in rate-of-return as media of exchange. In this paper, we use experimental methods to study how a fiat money might come to be used in transactions when an identically marketable, dividend-bearing asset, a consol, is also available.

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Year of publication:	2000-08
Authors:	Camera, G. ; Noussair, C. ; Tucker, S.
Institutions:	Krannert School of Management, Purdue University
Subject:	EXPERIMENTS \| ECONOMICS \| MONEY

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Series:	Purdue University Economics Working Papers.
Type of publication:	Book / Working Paper
Notes:	34 pages
Classification:	C90 - Design of Experiments. General ; E40 - Money and Interest Rates. General ; F30 - International Finance. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005835358