A Brief Note on the Efficiency of Equilibria with Costly Transactions

DOI10.2307/2297232zbMath0339.90005OpenAlexW2163015015MaRDI QIDQ4108104

Jerry R. Green, Herakles M. Polemarchakis

Publication date: 1976

Published in: The Review of Economic Studies (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.2307/2297232

Mathematics Subject Classification ID

Trade models (91B60)

Related Items (2)

Competitive inefficiencies in the presence of constrained transactions ⋮ A reexamination of the store of value in a sequence economy with transaction costs

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