Rationality and Stability of Equilibrium in a Search-Theoretic Model of Money 外文参考文献.docVIP

Theoretical Economics Letters, 2012, 2, 283-286 /10.4236/tel.2012.23052 Published Online August 2012 (http://www.SciRP.org/journal/tel) Rationality and Stability of Equilibrium in a Search-Theoretic Model of Money Tetsuya Saito Department of Economics, Lehigh University, Bethlehem, USA Email: tsaito@ Received May 20, 2012; revised June 23, 2012; accepted July 25, 2012 ABSTRACT In this short note, I examine the rationality of money-search equilibrium in a basic second-generation money search model, which is a perfectly divisible goods and indivisible money model. I then show that on