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Rate-of-Return Dominance and Efficiency in an Experimental Economy Author info | Abstract | Publisher info | Download info | Related research | Statistics Camera, G.
Noussair, C.
Tucker, S.
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One of the main challenges for monetary economics is to explain the use of assets that are dominated in rate-of-return as media of exchange. In this paper, we use experimental methods to study how a fiat money might come to be used in transactions when an identically marketable, dividend-bearing asset, a consol, is also available.
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Paper provided by Purdue University, Department of Economics in its series Purdue University Economics Working Papers with number
1135.
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Length: 34 pages
Date of creation: Aug 2000Date of revision:
Handle: RePEc:pur:prukra:1135Contact details of provider: Postal: Krannert Building, West Lafayette, IN 47907 Web page: http://www.krannert.purdue.edu/programs/phd More information through EDIRC
For technical questions regarding this item, or to correct its listing, contact: (Paul S. Chun).
Keywords: EXPERIMENTS ECONOMICS MONEY Other versions of this item:
Find related papers by JEL classification: C90 - Mathematical and Quantitative Methods - - Design of Experiments - - - General E40 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - General F30 - International Economics - - International Finance - - - General
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Frederic Koessler & Charles Noussair & Anthony Ziegelmeyer, 2007.
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Other versions: David Andolfatto, 2005.
"On the Coexistence of Money and Bonds ,"
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