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Une théorie de l'élection de la cigarette comme monnaie

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  • Vincent Bignon

Abstract

Based on an historical study of the cigarette money episode, we construct a commodity money model that explain the different types of means of payments used in post WW 2 Germany. After having shown that the basic features of exchanges were close to the assumptions of the search-theoretic approach, we construct a theory of commodity money based on 2 key parameters : the demand for consumption and the utility to consume it. Classification JEL : D83, E41, N14

Suggested Citation

  • Vincent Bignon, 2004. "Une théorie de l'élection de la cigarette comme monnaie," Revue économique, Presses de Sciences-Po, vol. 55(3), pages 383-393.
    • Handle: RePEc:cai:recosp:reco_553_0383
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    More about this item

    JEL classification:

    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
    • E41 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Demand for Money
    • N14 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: 1913-

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