Review of Economic Studies Vol. 56 No. 1 1989
Efficiency and the Value of Money
open access
Abstract
In a monetary model, it is shown that if there is a unique Pareto inefficient barter equilibrium, then a monetary equilibrium exists when traders are sufficiently patient. 1.
- DOI
- 10.2307/2297750
- Volume
- 56
- Issue
- 1
- Pages
- 77-88
- Language
- en
- Sources
- bibtex:phds-export.bib openalex crossref