Auflistung Working Papers nach JEL-Klassifizierung "E4"
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An Experiment on Retail Payments Systems
(2014-05-05)We study the behavioral underpinnings of adopting cash versus electronic payments in retail transactions. A novel theoretical and experimental framework is developed to primarily assess the impact of sellers’ service fees ... -
Game-Theoretic Foundations of Monetary Equilibrium
(2013-09-30)Monetary theorists have advanced an intriguing notion: we exchange money to make up for a lack of enforcement, when it is difficult to monitor and sanction opportunistic behaviors. We demonstrate that, in fact, monetary ... -
Two Monetary Models with Alternating Markets
(2013-10-28)We present a thought-provoking study of two monetary models: the cash-in-advance and the Lagos and Wright (2005) models. We report that the different approach to modeling money — reduced-form vs. explicit role — neither ...