On the Efficiency of a Competitive Monetary Equilibrium with Transaction Costs

DOI10.2307/2297243zbMath0397.90014OpenAlexW1970200184MaRDI QIDQ4181550

Seppo Honkapohja

Publication date: 1978

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

Full work available at URL: https://doi.org/10.2307/2297243

zbMATH Keywords

Monetary EquilibriaTransaction CostsCompetitive Monetary EquilibriumEconomy of Barter and Monetary ExchangeEfficiency PropertiesPure Barter EquilibriumTwo Types of Equilibria

Mathematics Subject Classification ID

General equilibrium theory (91B50)

Related Items (1)

A reexamination of the store of value in a sequence economy with transaction costs

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