The size of meetings and the role of money

The size of meetings and the role of money

I extend the random-matching model of money by allowing the number of people in a random meeting to be greater than two, a parameter N. I prove that any beneficial role of money disappears as N→∞.

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Bibliographische Detailangaben
Veröffentlicht in:Economics letters 2002-08, Vol.76 (3), p.337-343
1. Verfasser: Mills, David C.
Format: Artikel
Sprache:eng
Schlagworte:
Economics
Modelling
Money
Random-matching models of money
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Beschreibung
Zusammenfassung:I extend the random-matching model of money by allowing the number of people in a random meeting to be greater than two, a parameter N. I prove that any beneficial role of money disappears as N→∞.
ISSN:0165-1765
1873-7374
DOI:10.1016/S0165-1765(02)00063-0