Heterogeneity and Lotteries in Monetary Search Models

B-Tier
Journal: Journal of Money, Credit, and Banking
Year: 2007
Volume: 39
Issue: 2‐3
Pages: 703-712

Score contribution per author:

0.670 = (α=2.01 / 3 authors) × 1.0x B-tier

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

Abstract

We introduce ex ante heterogeneity into the Berentsen, Molico, and Wright monetary search model with lotteries. We show that their three main results regarding lotteries do not survive this modification of the environment.

Technical Details

RePEc Handle
repec:wly:jmoncb:v:39:y:2007:i:2-3:p:703-712
Journal Field
Macro
Author Count
3
Added to Database
2026-01-25