کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
957419 928525 2007 12 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Pairwise trade and coexistence of money and higher-return assets
کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Pairwise trade and coexistence of money and higher-return assets
چکیده انگلیسی

A new theory of coexistence of money and higher-return assets is set out. It applies to any setting in which some trade involves an exchange of goods for assets and occurs between two people—a buyer and a seller. We show that there exists a function mapping the portfolios of the buyer and the seller to the trade that occurs such that (i) the trade is in the buyer–seller core and (ii) some people are induced to enter the buyer–seller meeting with money.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Economic Theory - Volume 133, Issue 1, March 2007, Pages 524–535
نویسندگان
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