Huber, Juergen; Shubik, Martin; Sunder, Shyam - Cowles Foundation for Research in Economics, Yale University - 2008
Why people accept intrinsically worthless fiat money in exchange for real goods and services has been a longstanding … tested in isolation experimentally. In this paper we examine a sufficient explanation of the value of fiat money through the … to support the use of fiat money, although many other institutions such as taxation provide alternatives. …