seems to be not essential to rationalize the use of money in a search theoretic framework. This paper analyzes an endogenous … price search model of money where there is universal double coincidence of wants. The existence of a monetary equilibrium … relative to their bargaining power in the labour market. The rationale for money comes from the fact that entrepreneurs use it …

seems to be not essential to rationalize the use of money in a search theoretic framework. This paper analyzes an endogenous … price search model of money where there is universal double coincidence of wants. The existence of a monetary equilibrium … relative to their bargaining power in the labour market. The rationale for money comes from the fact that entrepreneurs use it …

seems to be not essential to rationalize the use of money in a search theoretic framework. This paper analyzes an endogenous … price search model of money where there is universal double coincidence of wants. The existence of a monetary equilibrium … relative to their bargaining power in the labour market. The rationale for money comes from the fact that entrepreneurs use it …

We examine a search money model in which there is a symmetric coincidence of wants in all barter matches. However, when … provided that money holders enjoy adequate bargaining terms. Fiat money may be welfare inproving. In contrast to the literature … bargaining outcomes are asymmetric across matches, the barter economy is inefficient. Then a robust monetary equilibrium exists …

intermediaries, for financial disturbances, or even for money. Models incorporating defaults are, however, harder to construct, in …

intermediaries, for financial disturbances, or even for money. Models incorporating defaults are, however, harder to construct, in …

out symmetry between the money and finance markets in equilibrium models. As a consequence of endogenous money, the … finance market cannot but clear along with the money market, which sheds light on the rejection of the 'loanable funds' theory …