AbstractAn inter-governmental body is encouraging the replacement of currency with the objective of discouraging illegal economic activities. This policy is analyzed in a search-theoretic monetary economy with government enforcement. Individuals choose a legal or illegal production and settle trades via quid-pro-quo or monetary exchange.
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Bibliographic InfoPaper provided by Purdue University, Department of Economics in its series Purdue University Economics Working Papers with number 1124.
Length: 39 pages
Date of creation: Nov 1999
Date of revision:
MONEY ; LAW ; GAME THEORY;
Find related papers by JEL classification:
- C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
- D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search, Learning, and Information
- E40 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - General
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- 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.
- Edward J. Green & Warren E. Weber, 1996.
"Will the new $100 bill decrease counterfeiting?,"
571, Federal Reserve Bank of Minneapolis.
- Miquel Faig, 2001.
"A Search Theory of Money and Commerce with Neoclassical Production,"
faig-01-01, University of Toronto, Department of Economics.
- Miquel Faig, 2001. "A search theory of money and commerce with Neoclassical production," Economics Working Papers 567, Department of Economics and Business, Universitat Pompeu Fabra.
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