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A note on purifying mixed strategy equilibria in the search model of money

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  • Randall Wright

Abstract

A construction of a nonsymmetric, pure-strategy equilibrium payoff-equivalent to the symmetric, mixed-strategy equilibrium.

Suggested Citation

  • Randall Wright, 1997. "A note on purifying mixed strategy equilibria in the search model of money," Working Papers (Old Series) 9709, Federal Reserve Bank of Cleveland.
    • Handle: RePEc:fip:fedcwp:9709
    DOI: 10.26509/frbc-wp-199709
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    References listed on IDEAS

    as
    1. Kiyotaki, Nobuhiro & Wright, Randall, 1991. "A contribution to the pure theory of money," Journal of Economic Theory, Elsevier, vol. 53(2), pages 215-235, April.
    2. Sethi, Rajiv, 1999. "Evolutionary stability and media of exchange," Journal of Economic Behavior & Organization, Elsevier, vol. 40(3), pages 233-254, November.
    3. Kiyotaki, Nobuhiro & Wright, Randall, 1993. "A Search-Theoretic Approach to Monetary Economics," American Economic Review, American Economic Association, vol. 83(1), pages 63-77, March.
    4. Wright, Randall, 1995. "Search, evolution, and money," Journal of Economic Dynamics and Control, Elsevier, vol. 19(1-2), pages 181-206.
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    Monetary theory;

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