Money, barter, and consumption interdependence

Shikuan Chen and Yi-Cheng Kao

Economics Letters, 2010, vol. 106, issue 2, 119-121

Abstract: By introducing a degree of consumption interdependence into a search model, we show that people may switch from using money to bartering during hyperinflation, but barter activities, however, could still be popular even though the inflation rate is low.

Keywords: Barter; Hyperinflation; Consumption; interdependence (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:106:y:2010:i:2:p:119-121

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