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An overlapping generations model with a storage technology

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  • Maeda, Yasuo

Abstract

This paper studies a stationary, pure exchange overlapping generations model with a storage technology. It is shown that there exists an equilibrium with valued fiat money in which storage technologies bear a higher rate of return than fiat money, and agents invest strictly positive amounts in storage technologies.

Suggested Citation

  • Maeda, Yasuo, 1992. "An overlapping generations model with a storage technology," Journal of Economic Theory, Elsevier, vol. 57(1), pages 237-244.
    • Handle: RePEc:eee:jetheo:v:57:y:1992:i:1:p:237-244
    DOI: 10.1016/S0022-0531(05)80051-1
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    References listed on IDEAS

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    1. Maeda, Yasuo, 1991. "Fiat money in a pairwise-trading, multi-good, overlapping generations model," Journal of Economic Theory, Elsevier, vol. 54(1), pages 84-97, June.
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