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Economics

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Generalized search-theoretic models of monetary exchange

Article Abstract:

The existing search-theoretic model of money was studied by generalizing the bargaining solution and by allowing agents with money to produce. The results were derived on existence, the number of equilibria, comparative statics and welfare for the model and were compared with standard model and it was found that it was easier to derive results more naturally in the new model.

Models, Equilibrium (Economics)

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Homework in labor economics: household production and intertemporal substitution

Article Abstract:

Research is presented describing the willingness of employees to participate in work at home and the contribution such work is making to the economics of labor in the USA.

Research, Economic aspects, Statistics, Economic research, Labor productivity, Home labor

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Price setting, price dispersion and the value of money: or, the law of two prices

Article Abstract:

A study on how search, money, price posting and preference shocks affect the price levels and price dispersion of the value of money is presented.

Other General Government Support, Coinage & Currency, Capital funds & cash flow, Analysis, Money, Valuation

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