抄録
This paper studies a stationary, pure exchange overlapping generations model with a storage technology. It is shown that there exists an equilibrium with valued fiat money in which storage technologies bear a higher rate of return than fiat money, and agents invest strictly positive amounts in storage technologies.
| 本文言語 | English |
|---|---|
| ページ（範囲） | 237-244 |
| ページ数 | 8 |
| ジャーナル | Journal of Economic Theory |
| 巻 | 57 |
| 号 | 1 |
| DOI | |
| 出版ステータス | Published - 1992 6月 |
| 外部発表 | はい |
ASJC Scopus subject areas
- 経済学、計量経済学