MONEY AND MARKETS

被引：2

作者：

KULTTI, K

机构：

[1] Department of Economics, University of Helsinki, SF-00014 Helsinki

来源：

ECONOMICS LETTERS | 1994年 / 45卷 / 01期

关键词：

D O I：

10.1016/0165-1765(94)90058-2

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

In a search model of endogenous money it is shown that the introduction of markets increases the efficiency of the economy. Markets help the agents to coordinate their actions. The organization of the economy in markets becomes feasible only with the introduction of money. Unlike in a marketless economy the commodity holder's decision to actively move and search or to wait for a buyer becomes irrelevant.

引用

页码：59 / 62

页数：4