On the existence of single‐price equilibria in a matching model with divisible money and production cost

Kazuya Kamiya, Noritsugu Morishita and Takashi Shimizu

International Journal of Economic Theory, 2005, vol. 1, issue 3, 219-231

Abstract: The present paper investigates Zhou's (1999) money search model, where money is divisible, agents can hold any amount of money and production of goods is costly, and presents a sufficient condition, expressed in terms of exogenously given parameters, for the existence of single‐price equilibria.

Date: 2005
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https://doi.org/10.1111/j.1742-7363.2005.00014.x

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Working Paper: On the Existence of Single-Price Equilibria in a Matching Model with Divisible Money and Production Cost (2004)
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Persistent link: https://EconPapers.repec.org/RePEc:bla:ijethy:v:1:y:2005:i:3:p:219-231

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