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Equilibrium with Non-convex Transactions Costs: Monetary and Non-monetary Economies

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  • Walter Perrin Heller
  • Ross M. Starr

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Suggested Citation

  • Walter Perrin Heller & Ross M. Starr, 1976. "Equilibrium with Non-convex Transactions Costs: Monetary and Non-monetary Economies," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 43(2), pages 195-215.
  • Handle: RePEc:oup:restud:v:43:y:1976:i:2:p:195-215.
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    Cited by:

    1. Shouyong Shi, 2006. "Viewpoint: A microfoundation of monetary economics," Canadian Journal of Economics, Canadian Economics Association, vol. 39(3), pages 643-688, August.
    2. Dubey, Pradeep & Sahi, Siddhartha & Shubik, Martin, 2018. "Money as minimal complexity," Games and Economic Behavior, Elsevier, vol. 108(C), pages 432-451.
    3. Satyajit Chatterjee & Dean Corbae, 1999. "Competitive theories for economies with general transactions technology," Working Papers 99-18, Federal Reserve Bank of Philadelphia.
    4. Starr, Ross M., 2014. "Liquidity Creates Money and Debt: An Intertemporal Linear Trading Post Model," University of California at San Diego, Economics Working Paper Series qt90g2070h, Department of Economics, UC San Diego.
    5. Smith, Bruce D., 1984. "Money, nonconvex preferences, and the existence of equilibrium: A note," Journal of Economic Theory, Elsevier, vol. 32(2), pages 359-366, April.
    6. Frank Milne & Edwin H. Neave, 2003. "A General Equilibrium Financial Asset Economy With Transaction Costs And Trading Constraints," Working Paper 1082, Economics Department, Queen's University.
    7. Starr, Ross M., 2008. "Mengerian Saleableness and Commodity Money in a Walrasian Trading Post Example," University of California at San Diego, Economics Working Paper Series qt92k1n9mn, Department of Economics, UC San Diego.
    8. Thomas J. Sargent & Neil Wallace, 1981. "The real bills doctrine vs. the quantity theory: a reconsideration," Staff Report 64, Federal Reserve Bank of Minneapolis.
    9. Bewley, Truman, 1983. "A Difficulty with the Optimum Quantity of Money," Econometrica, Econometric Society, vol. 51(5), pages 1485-1504, September.
    10. Brown, Donald J. & Heller, Walter P. & Starr, Ross M., 1992. "Two-part marginal cost pricing equilibria: Existence and efficiency," Journal of Economic Theory, Elsevier, vol. 57(1), pages 52-72.
    11. Starr, Ross M., 2008. "Mengerian saleableness and commodity money in a Walrasian trading post example," Economics Letters, Elsevier, vol. 100(1), pages 35-38, July.
    12. Starr, Ross M, 2005. "Commodity Money Equilibrium in a Walrasian Trading Post Model: An Elementary Example," University of California at San Diego, Economics Working Paper Series qt1200q2z3, Department of Economics, UC San Diego.
    13. Divényi, Dániel & Polgári, Beáta & Sleisz, Ádám & Sőrés, Péter & Raisz, Dávid, 2021. "Investigating minimum income condition orders on European power exchanges: Controversial properties and enhancement proposals," Applied Energy, Elsevier, vol. 281(C).
    14. Starr, Ross M., 2006. "Commodity Money Equilibrium in a Walrasian Trading Post Model: An Example," University of California at San Diego, Economics Working Paper Series qt3267p6wj, Department of Economics, UC San Diego.
    15. Starr, Ross & Spini, Pietro Emilio, 2022. "Thick Market Externality and Concentration of `Money'," University of California at San Diego, Economics Working Paper Series qt8qr0r0n7, Department of Economics, UC San Diego.
    16. Starr, Ross M., 2014. "Liquidity Creates Money and Debt: An Intertemporal Linear Trading Post Model," University of California at San Diego, Economics Working Paper Series qt1vk1k4fm, Department of Economics, UC San Diego.
    17. Shouyong Shi, 2006. "A Microfoundation of Monetary Economics," Working Papers tecipa-211, University of Toronto, Department of Economics.
    18. Ross M. Starr, 2012. "Why is there Money?," Books, Edward Elgar Publishing, number 13763.
    19. Dubey, Pradeep & Sahi, Siddhartha & Shubik, Martin, 2018. "Graphical exchange mechanisms," Games and Economic Behavior, Elsevier, vol. 108(C), pages 452-465.

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