Social norms and money

Article Abstract:

A social norm establishing gift exchange can substitute for money in some situations as long as the population is finite and agents are patient. Money is an essential medium of exchange when the population is large.

Other General Government Support, Coinage & Currency, Evaluation, Foreign exchange rates, Money, Foreign exchange market

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Price dispersion, information and learning

Article Abstract:

The relationship between price dispersion and learning process of business enterprises, in an economy with decentralized trade, is analyzed.

United States, Science & research, Pricing Policy, Venture Analysis, Research, Economic aspects, Pricing, Knowledge management, Business enterprises, Product price, Economic systems

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