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- W1853484201 abstract "Lotteries are introduced into Cavalcanti and Erosa (2008) [2], a version of Trejos and Wright (1995) [4] with aggregate shocks. Lotteries improve welfare and eliminate the two notable features of the optimum with deterministic trades: over-production and history-dependence. Moreover, the optimum can be supported by buyer take-it-or-leave-it offers." @default.
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- W1853484201 date "2012-01-01" @default.
- W1853484201 modified "2023-09-22" @default.
- W1853484201 title "A comment on: “Efficient propagation of shocks and the optimal return on money”" @default.
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- W1853484201 doi "https://doi.org/10.1016/j.jet.2011.11.005" @default.
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