Efficiency and the Value of Money

S-Tier
Journal: Review of Economic Studies
Year: 1989
Volume: 56
Issue: 1
Pages: 77-88

Score contribution per author:

8.043 = (α=2.01 / 1 authors) × 4.0x S-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

In a monetary model, it is shown that if there is a unique Pareto inefficient barter equilibrium, then a monetary equilibrium exists when traders are sufficiently patient.

Technical Details

RePEc Handle
repec:oup:restud:v:56:y:1989:i:1:p:77-88.
Journal Field
General
Author Count
1
Added to Database
2026-01-25