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

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  • dc.contributor.author Cuadras Morató, Xavierca
  • dc.contributor.other Universitat Pompeu Fabra. Departament d'Economia i Empresa
  • dc.date.accessioned 2017-07-26T10:50:09Z
  • dc.date.available 2017-07-26T10:50:09Z
  • dc.date.issued 2003-09-01
  • dc.date.modified 2017-07-23T02:07:59Z
  • 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.format.mimetype application/pdfca
  • dc.identifier https://econ-papers.upf.edu/ca/paper.php?id=706
  • dc.identifier.uri http://hdl.handle.net/10230/556
  • 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.accessRights info:eu-repo/semantics/openAccess
  • dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
  • dc.subject.keyword commodity money
  • dc.subject.keyword random matching
  • dc.subject.keyword general preferences
  • dc.subject.keyword Macroeconomics and International Economics
  • dc.title General preferences for consumption goods in the random matching model of commodity moneyca
  • dc.type info:eu-repo/semantics/workingPaper