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Indeterminacy of Buying and Selling Price Spread in Monetary Equilibrium without Transactions Costs
http://hdl.handle.net/10086/17010
http://hdl.handle.net/10086/17010830e484f-9403-47ea-bcb8-7b3f5fbff9b3
| 名前 / ファイル | ライセンス | アクション |
|---|---|---|
070econDP03-15.pdf (153420 bytes)
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| アイテムタイプ | デフォルトアイテムタイプ（フル）その２(1) | |||||||||
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| 公開日 | 2017-05-20 | |||||||||
| タイトル | ||||||||||
| タイトル | Indeterminacy of Buying and Selling Price Spread in Monetary Equilibrium without Transactions Costs | |||||||||
| 言語 | en | |||||||||
| 作成者 |
山崎, 昭
× 山崎, 昭
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| アクセス権 | ||||||||||
| アクセス権 | open access | |||||||||
| アクセス権URI | http://purl.org/coar/access_right/c_abf2 | |||||||||
| 内容記述 | ||||||||||
| 内容記述タイプ | Other | |||||||||
| 内容記述 | February 25, 2004 | |||||||||
| 言語 | en | |||||||||
| 出版者 | ||||||||||
| 出版者 | Graduate School of Economics, Hitotsubashi University | |||||||||
| 日付 | ||||||||||
| 日付 | 2004-02 | |||||||||
| 日付タイプ | Issued | |||||||||
| 言語 | ||||||||||
| 言語 | eng | |||||||||
| 資源タイプ | ||||||||||
| 資源タイプ識別子 | http://purl.org/coar/resource_type/c_18gh | |||||||||
| 資源タイプ | technical report | |||||||||
| 出版タイプ | ||||||||||
| 出版タイプ | VoR | |||||||||
| 出版タイプResource | http://purl.org/coar/version/c_970fb48d4fbd8a85 | |||||||||
| 関連情報 | ||||||||||
| 関連タイプ | isPartOf | |||||||||
| 関連名称 | Discussion papers ; No. 2003-15 | |||||||||
| ページ数 | ||||||||||
| ページ数 | 14 | |||||||||
| 抄録（第三者提供不可） | ||||||||||
| 値 | In this paper we report an existence result in a general monetary equilibrium model with buying and selling price spread but without transactions costs. Under the assumption that an initial endowment allocation is not Pareto optimal it is proved that an equilibrium with a positive value of money exists if traders take buying and selling prices of commodities as given even if transactions costs are not explicitly required in the buying and selling activities of traders in commodity markets. This result points to an indeterminacy problem arising from existing general equilibrium models with transaction technologies. | |||||||||
