Une théorie de l'élection de la cigarette comme monnaie

Vincent Bignon

Revue économique, 2004, vol. 55, issue 3, 383-393

Abstract: Based on an historical study of the cigarette money episode, we construct a commodity money model that explain the different types of means of payments used in post WW 2 Germany. After having shown that the basic features of exchanges were close to the assumptions of the search-theoretic approach, we construct a theory of commodity money based on 2 key parameters : the demand for consumption and the utility to consume it. Classification JEL : D83, E41, N14

JEL-codes: D83 E41 N14 (search for similar items in EconPapers)
Date: 2004
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