General equilibrium with nonconvexities and money

DOI10.1016/j.jet.2006.07.011zbMath1153.91027OpenAlexW2062025831MaRDI QIDQ951016

Karl Shell, Randall Wright, Peter Rupert, Guillaume Rocheteau

Publication date: 29 October 2008

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jet.2006.07.011

zbMATH Keywords

general equilibriumsunspotssearchlotteriesmoneynonconvexitiesindivisible goodssunspot equilibriumextrinsic uncertaintymonetary economicslottery equilibrium

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) General equilibrium theory (91B50)

Related Items (11)

Monetary mechanisms ⋮ Introduction to the symposium issue on money and liquidity ⋮ A uniqueness proof for monetary steady state ⋮ On the multiplicity of monetary equilibria: Green-Zhou meets Lagos-Wright ⋮ Frictional capital reallocation. I: Ex ante heterogeneity ⋮ Endogenous liquidity and volatility ⋮ Endogenous buyer-seller choice and divisible money in search equilibrium ⋮ Decentralizing constrained-efficient allocations in the Lagos-Wright pure currency economy ⋮ Introduction to monetary and macro economics ⋮ A dynamic model of settlement ⋮ INFLATION AND UNEMPLOYMENT IN COMPETITIVE SEARCH EQUILIBRIUM

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