Money is more than memory

Bigoni, Maria ; Camera, Gabriele ; Casari, Marco (2015) Money is more than memory. Bologna: Dipartimento di Scienze economiche DSE, p. 65. DOI 10.6092/unibo/amsacta/4350. In: Quaderni - Working Paper DSE (1030). ISSN 2282-6483.
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Abstract

Impersonal exchange is the hallmark of an advanced society and money is one key institution that supports it. Economic theory regards money as a crude arrangement for monitoring counterparts’ past conduct. If so, then a public record of past actions—or memory—should supersede the function performed by money. This intriguing theoretical postulate remains untested. In an experiment, we show that the suggested functional equivalence between money and memory does not translate into an empirical equivalence. Monetary systems perform a richer set of functions than just revealing past behaviors, which are crucial in promoting large-scale cooperation.

Abstract
Tipologia del documento
Monografia (Working paper)
Autori
AutoreAffiliazioneORCID
Bigoni, Maria
Camera, Gabriele
Casari, Marco
Parole chiave
Cooperation, intertemporal trade, experiments, social norms
Settori scientifico-disciplinari
ISSN
2282-6483
DOI
Data di deposito
23 Set 2015 09:23
Ultima modifica
23 Ott 2015 09:26
URI

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