Is gold an efficient store of value?

B-Tier
Journal: Economic Theory
Year: 2003
Volume: 21
Issue: 4
Pages: 767-782

Authors (3)

Pradeep Dubey (not in RePEc) John Geanakoplos (not in RePEc) Martin Shubik

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

Gold and tobacco have both been used as commodity money. One difference between the two is that gold yields utility, on account of its beauty, without diminishing its quantity. Tobacco yields utility when it is consumed. If this were the only difference, Copyright Springer-Verlag Berlin Heidelberg 2003

Technical Details

RePEc Handle
repec:spr:joecth:v:21:y:2003:i:4:p:767-782
Journal Field
Theory
Author Count
3
Added to Database
2026-01-25