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Heterogeneity and Lotteries in Monetary Search Models

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Author Info
SÉBASTIEN LOTZ
ANDREI SHEVCHENKO
CHRISTOPHER WALLER

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Abstract

We introduce ex ante heterogeneity into the Berentsen, Molico, and Wright monetary search model with lotteries. We show that their three main results regarding lotteries do not survive this modification of the environment. Copyright 2007 The Ohio State University.

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File URL: http://www.blackwell-synergy.com/doi/abs/10.1111/j.0022-2879.2007.00042.x
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Publisher Info
Article provided by Blackwell Publishing in its journal Journal of Money, Credit and Banking.

Volume (Year): 39 (2007)
Issue (Month): 2-3 (03)
Pages: 703-712
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Handle: RePEc:mcb:jmoncb:v:39:y:2007:i:2-3:p:703-712

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Web page: http://www.blackwellpublishing.com/journal.asp?ref=0022-2879

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This page was last updated on 2009-11-12.

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