Is gold an efficient store of value?
AbstractGold and tobacco have both been used as commodity money. One difference between the two is that gold yields utility, on account of its beauty, without diminishing its quantity. Tobacco yields utility when it is consumed. If this were the only difference, Copyright Springer-Verlag Berlin Heidelberg 2003
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Bibliographic InfoArticle provided by Springer in its journal Economic Theory.
Volume (Year): 21 (2003)
Issue (Month): 4 (06)
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- C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models &bull Diffusion Processes
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- Martin Angerer & Juergen Huber & Martin Shubik & Shyam Sunder, 2007. "An Economy with Personal Currency: Theory and Evidence," Yale School of Management Working Papers amz2448, Yale School of Management, revised 01 Jan 2009.
- Martin Angerer & Juergen Huber & Martin Shubik & Shyam Sunder, 2010.
"An economy with personal currency: theory and experimental evidence,"
Annals of Finance,
Springer, vol. 6(4), pages 475-509, October.
- Martin Angerer & Juergen Huber & Martin Shubik & Shyam Sunder, 2007. "An Economy with Personal Currency: Theory and Experimental Evidence," Cowles Foundation Discussion Papers 1622, Cowles Foundation for Research in Economics, Yale University, revised Mar 2010.
- Martin Shubik & Shuntian Yao, 1992. "Transactions Loans, Intertemporal Loans, Variable Velocity, the Rates of Interest and Commodity Money: Part 1. Transactions Loans," Cowles Foundation Discussion Papers 1014, Cowles Foundation for Research in Economics, Yale University.
- Martin Shubik, 1993. "The Theory of Money and Financial Institutions," Cowles Foundation Discussion Papers 1056, Cowles Foundation for Research in Economics, Yale University.
- Thomas Quint & Martin Shubik, 2004. "A Consumable Money. An Elementary Discussion of Commodity Money, Fiat Money and Credit: Part I," Cowles Foundation Discussion Papers 1455, Cowles Foundation for Research in Economics, Yale University.
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