Matches in SemOpenAlex for { <https://semopenalex.org/work/W2089757706> ?p ?o ?g. }
- W2089757706 endingPage "354" @default.
- W2089757706 startingPage "335" @default.
- W2089757706 abstract "Commodity money arises endogenously in a general equilibrium model with separate budget constraints for each transaction. Transaction costs imply differing bid and ask (selling and buying) prices. The most liquid good—with the smallest proportionate bid/ask spread—becomes commodity money. General equilibrium may not be Pareto efficient. If zero-transaction-cost money is available then the equilibrium allocation is Pareto efficient. Fiat money is an intrinsically worthless instrument. Its positive price comes from acceptability in paying taxes, and its use as a medium of exchange is based on low transaction cost." @default.
- W2089757706 created "2016-06-24" @default.
- W2089757706 creator A5087685404 @default.
- W2089757706 date "2003-06-01" @default.
- W2089757706 modified "2023-10-05" @default.
- W2089757706 title "Monetary general equilibrium with transaction costs" @default.
- W2089757706 cites W150463228 @default.
- W2089757706 cites W1993743521 @default.
- W2089757706 cites W1996657278 @default.
- W2089757706 cites W2003180600 @default.
- W2089757706 cites W2008710945 @default.
- W2089757706 cites W2011851009 @default.
- W2089757706 cites W2034517867 @default.
- W2089757706 cites W2053564429 @default.
- W2089757706 cites W2056112965 @default.
- W2089757706 cites W2078719994 @default.
- W2089757706 cites W2080897100 @default.
- W2089757706 cites W2089261553 @default.
- W2089757706 cites W2097457129 @default.
- W2089757706 cites W2101902912 @default.
- W2089757706 cites W2119365592 @default.
- W2089757706 cites W2130156056 @default.
- W2089757706 cites W2743262831 @default.
- W2089757706 cites W3121442352 @default.
- W2089757706 cites W3122446864 @default.
- W2089757706 cites W3122573293 @default.
- W2089757706 cites W3122739571 @default.
- W2089757706 cites W3122961240 @default.
- W2089757706 cites W3124704887 @default.
- W2089757706 cites W3147576921 @default.
- W2089757706 cites W3149697851 @default.
- W2089757706 cites W4238639457 @default.
- W2089757706 cites W4252343348 @default.
- W2089757706 cites W4254299531 @default.
- W2089757706 cites W4297851059 @default.
- W2089757706 doi "https://doi.org/10.1016/s0304-4068(03)00051-x" @default.
- W2089757706 hasPublicationYear "2003" @default.
- W2089757706 type Work @default.
- W2089757706 sameAs 2089757706 @default.
- W2089757706 citedByCount "4" @default.
- W2089757706 countsByYear W20897577062012 @default.
- W2089757706 countsByYear W20897577062013 @default.
- W2089757706 countsByYear W20897577062020 @default.
- W2089757706 crossrefType "journal-article" @default.
- W2089757706 hasAuthorship W2089757706A5087685404 @default.
- W2089757706 hasBestOaLocation W20897577062 @default.
- W2089757706 hasConcept C10138342 @default.
- W2089757706 hasConcept C103382277 @default.
- W2089757706 hasConcept C126285488 @default.
- W2089757706 hasConcept C137635306 @default.
- W2089757706 hasConcept C141121606 @default.
- W2089757706 hasConcept C162324750 @default.
- W2089757706 hasConcept C175444787 @default.
- W2089757706 hasConcept C183582576 @default.
- W2089757706 hasConcept C199360897 @default.
- W2089757706 hasConcept C21547014 @default.
- W2089757706 hasConcept C2776299251 @default.
- W2089757706 hasConcept C2779439359 @default.
- W2089757706 hasConcept C2780112241 @default.
- W2089757706 hasConcept C2780589280 @default.
- W2089757706 hasConcept C41008148 @default.
- W2089757706 hasConcept C556758197 @default.
- W2089757706 hasConcept C75949130 @default.
- W2089757706 hasConcept C76281924 @default.
- W2089757706 hasConcept C90329073 @default.
- W2089757706 hasConcept C98965940 @default.
- W2089757706 hasConceptScore W2089757706C10138342 @default.
- W2089757706 hasConceptScore W2089757706C103382277 @default.
- W2089757706 hasConceptScore W2089757706C126285488 @default.
- W2089757706 hasConceptScore W2089757706C137635306 @default.
- W2089757706 hasConceptScore W2089757706C141121606 @default.
- W2089757706 hasConceptScore W2089757706C162324750 @default.
- W2089757706 hasConceptScore W2089757706C175444787 @default.
- W2089757706 hasConceptScore W2089757706C183582576 @default.
- W2089757706 hasConceptScore W2089757706C199360897 @default.
- W2089757706 hasConceptScore W2089757706C21547014 @default.
- W2089757706 hasConceptScore W2089757706C2776299251 @default.
- W2089757706 hasConceptScore W2089757706C2779439359 @default.
- W2089757706 hasConceptScore W2089757706C2780112241 @default.
- W2089757706 hasConceptScore W2089757706C2780589280 @default.
- W2089757706 hasConceptScore W2089757706C41008148 @default.
- W2089757706 hasConceptScore W2089757706C556758197 @default.
- W2089757706 hasConceptScore W2089757706C75949130 @default.
- W2089757706 hasConceptScore W2089757706C76281924 @default.
- W2089757706 hasConceptScore W2089757706C90329073 @default.
- W2089757706 hasConceptScore W2089757706C98965940 @default.
- W2089757706 hasIssue "3-4" @default.
- W2089757706 hasLocation W20897577061 @default.
- W2089757706 hasLocation W20897577062 @default.
- W2089757706 hasLocation W20897577063 @default.
- W2089757706 hasLocation W20897577064 @default.
- W2089757706 hasLocation W20897577065 @default.
- W2089757706 hasOpenAccess W2089757706 @default.
- W2089757706 hasPrimaryLocation W20897577061 @default.
- W2089757706 hasRelatedWork W130770999 @default.
- W2089757706 hasRelatedWork W1584804014 @default.
- W2089757706 hasRelatedWork W2089757706 @default.
- W2089757706 hasRelatedWork W2090857700 @default.