General preferences for consumption goods in the random matching model of commodity money

Welcome to the UPF Digital Repository

Cuadras Morató, Xavier. General preferences for consumption goods in the random matching model of commodity money. 2003
http://hdl.handle.net/10230/556
To cite or link this document: http://hdl.handle.net/10230/556
dc.contributor.author Cuadras Morató, Xavier
dc.contributor.other Universitat Pompeu Fabra. Departament d'Economia i Empresa
dc.date.issued 2003-09-01
dc.identifier.uri http://hdl.handle.net/10230/556
dc.description.abstract This paper generalizes the original random matching model of money by Kiyotaki and Wright (1989) (KW) in two aspects: first, the economy is characterized by an arbitrary distribution of agents who specialize in producing a particular consumption good; and second, these agents have preferences such that they want to consume any good with some probability. The results depend crucially on the size of the fraction of producers of each good and the probability with which different agents want to consume each good. KW and other related models are shown to be parameterizations of this more general one.
dc.language.iso eng
dc.relation.ispartofseries Economics and Business Working Papers Series; 706
dc.rights L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons
dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.title General preferences for consumption goods in the random matching model of commodity money
dc.type info:eu-repo/semantics/workingPaper
dc.date.modified 2014-06-03T07:14:09Z
dc.subject.keyword Macroeconomics and International Economics
dc.subject.keyword commodity money
dc.subject.keyword random matching
dc.subject.keyword general preferences
dc.rights.accessRights info:eu-repo/semantics/openAccess


See full text
This document is licensed under a Creative Commons license:

Search


Advanced Search

Browse

My Account

Statistics