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dc.contributor.authorHens, Thorsten
dc.contributor.authorSchenk-Hoppé, Klaus Reiner
dc.contributor.authorVogt, Bodo
dc.date.accessioned2006-07-13T08:51:30Z
dc.date.available2006-07-13T08:51:30Z
dc.date.issued2003-10
dc.identifier.issn1500-4066
dc.identifier.urihttp://hdl.handle.net/11250/163729
dc.description.abstractThis paper contributes to the micro-foundation of money in centralized markets with idiosyncratic uncertainty. It shows existence of stationary monetary equilibria and ensures that there is an optimum quantity of money. The rational solution of our model is compared with actual behavior in a laboratory experiment. The experiment gives support to the theoretical approach.en
dc.format.extent240619 bytes
dc.format.mimetypeapplication/pdf
dc.language.isoengen
dc.publisherNorwegian School of Economics and Business Administration. Department of Finance and Management Scienceen
dc.relation.ispartofseriesDiscussion paperen
dc.relation.ispartofseries2003:12en
dc.subjectmicro foundations of moneyen
dc.subjectoptimalen
dc.subjectquantity of moneyen
dc.titleOn the micro-foundations of money : the Capitol Hill baby-sitting co-open
dc.typeWorking paperen


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