Previous work on the denomination structure of currency treats as exogenous the distribution of transactions and the denominations held by people. Here, by way of a matching model, both are endogenous. In the model, trades in pairwise meetings alternate in time with the opportunity to freely...

There is wide agreement that currency was not available in conveniently small denominations prior to the 19th century. Here, estimates of the costs of providing and maintaining money (coins) in 15th century Europe and parameterized versions of a matching model of money are used to find the...

Das Essential schildert sehr anschaulich den realen Entwicklungsprozess einer Einkaufsabteilung von einem chaotischen zu einem professionellen Zustand. Da fast alle Aspekte des Einkaufs betroffen waren, beinhaltet es zahlreiche Hinweise zu verschiedenen Themen. Als Ergebnis wird ein innovativer...