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Pourquoi le problème monétaire de Menger reste-t-il non résolu?

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  • Gilbert Bougi

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    (CERGAM-CAE, Aix-Marseille Université)

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    Abstract

    Le problème de l’émergence et de l’utilisation d’un objet sans utilité dans l’échange se trouve au centre des préoccupations des modèles de prospection. En dépit de leur analyse institutionnelle et de leur apport en termes d’interactions stratégiques, notre article montre que ce problème posé par MENGER, il y a plus d’un siècle, demeure non résolu. Notre modèle cherche à montrer que si l’échange indirect s’installe dans une économie formée de zones d’échange, il n’est pas certain de généraliser l’utilisation d’un intermédiaire des échanges à l’économie conçue comme un immense marché. Les équilibres monétaires (le pouvoir d’achat de la monnaie) restent incertains, improbables voire impossibles.

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    File URL: http://junon.u-3mrs.fr/afa10w21/RePEc/cgm/wpaper/DR_31_0506_Bougi.pdf
    File Function: First version, 2005
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    Bibliographic Info

    Paper provided by Aix-Marseille Université, CERGAM in its series CAE Working Papers with number 31.

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    Length: 18 pages
    Date of creation: Oct 2005
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    Handle: RePEc:cgm:wpaper:31

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    1. Shouyong Shi, 1995. "Money and Prices: A Model of Search and Bargaining," Working Papers 916, Queen's University, Department of Economics.
    2. Trejos, Alberto & Wright, Randall, 1995. "Search, Bargaining, Money, and Prices," Journal of Political Economy, University of Chicago Press, University of Chicago Press, vol. 103(1), pages 118-41, February.
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    7. Diamond, Peter A, 1982. "Aggregate Demand Management in Search Equilibrium," Journal of Political Economy, University of Chicago Press, University of Chicago Press, vol. 90(5), pages 881-94, October.
    8. Zhu, Tao, 2005. "Existence of a monetary steady state in a matching model: divisible money," Journal of Economic Theory, Elsevier, vol. 123(2), pages 135-160, August.
    9. Kiyotaki, Nobuhiro & Wright, Randall, 1989. "On Money as a Medium of Exchange," Journal of Political Economy, University of Chicago Press, University of Chicago Press, vol. 97(4), pages 927-54, August.
    10. Camera, Gabriele & Corbae, Dean, 1999. "Money and Price Dispersion," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 40(4), pages 985-1008, November.
    11. Berentsen, Aleksander, 2006. "On the private provision of fiat currency," European Economic Review, Elsevier, vol. 50(7), pages 1683-1698, October.
    12. Li, Yiting & Wright, Randall, 1998. "Government Transaction Policy, Media of Exchange, and Prices," Journal of Economic Theory, Elsevier, vol. 81(2), pages 290-313, August.
    13. Oh, Seonghwan, 1989. "A theory of a generally acceptable medium of exchange and barter," Journal of Monetary Economics, Elsevier, vol. 23(1), pages 101-119, January.
    14. Mikael Stenkula, 2003. "Carl Menger and the network theory of money," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 10(4), pages 587-606.
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