An overlapping-generations model with search
نویسنده
چکیده
Search is embeded in an overlapping-generations model. Young people participate a centralized market and a decentralized market sequentially and olds only participates the centralized market. The demographic feature allows analytical tractability. In a series examples, positve inflation rates are Pareto optimal. JEL classification: E31
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ورودعنوان ژورنال:
- J. Economic Theory
دوره 142 شماره
صفحات -
تاریخ انتشار 2008