Stationary monetary equilibria with strictly increasing value functions and non-discrete money holdings distributions: An indeterminacy result

In this paper, we present a search model with divisible money in which there exists a continuum of monetary equilibria with strictly increasing continuous value functions and with non-discrete money holdings distributions.

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Year of publication:	2011
Authors:	Kamiya, Kazuya ; Shimizu, Takashi
Published in:	Journal of Economic Theory. - Elsevier, ISSN 0022-0531. - Vol. 146.2011, 5, p. 2140-2150
Publisher:	Elsevier
Subject:	Real indeterminacy Random matching Money

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009318598