Alcune teorie della monetizzazione a confronto

Rossini, Gianpaolo (1985) Alcune teorie della monetizzazione a confronto. Bologna: Dipartimento di Scienze economiche DSE, p. 28. DOI 10.6092/unibo/amsacta/5292. In: Quaderni - Working Paper DSE (20). ISSN 2282-6483.
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Abstract

Is money going to be replaced by an information processor simila/ to the Walrasian auctioneer? At the heart of the question theae is the role of money in transactions. Niehans (1971) stated that money emerges as the good with the lowest transaction cost out of a barter economy and its appearance can also turn non—traded goods into traded—goods. Jones (1976) and Schoetter (1981) emphasize the institutional role of money whose diffusion parallels the provision of a public good.Freeman (1985) underlies the market completeness of money and its role in transa—ctions vis a vis other assets.Gale (1978;1983) says that markets cannot be Debreu—complete without outside money. The roles of money in Niehans,Jones,Schoetter can be superseded.The one in Freeman—Gale cannot,since money has a role even if information is perfect and free because it makes markets complete.A contract will never be equivalent to a money payment.

Abstract
Document type
Monograph (Working Paper)
Creators
CreatorsAffiliationORCID
Rossini, Gianpaolo0000-0001-9897-6682
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ISSN
2282-6483
DOI
Deposit date
11 Jul 2016 14:25
Last modified
11 Jul 2016 14:25
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