Matches in DBpedia 2016-04 for { <http://dbpedia.org/resource/Turnpike_model_of_money> ?p ?o }
Showing triples 1 to 27 of
27
with 100 triples per page.
- Turnpike_model_of_money abstract "The turnpike model of money explains valued money as a way to facilitate trade between agents who meet as strangers in spatially separated isolated markets with no communication or transactions between the markets at any time.In the standard frictionless Arrow-Debreu model, since the nonmonetary competitive equilibria are already Pareto optimal, money can't facilitate exchange or is at best useless. A common approach in monetary economics is to either require that agents hold money for institutional reasons (for example, to pay taxes, or because the government forces individuals to accept it), to enter money holdings directly into individual's utility functions (the so-called \"money in utility\" or Sidrauski model), or to impose an arbitrary Cash-in-advance constraint (the so-called Clower constraint). However all of these approaches are somewhat ad hoc and do not explain why intrinsically worthless money can have value as medium of exchange. The turnpike model of money is one of the possible resolutions of this theoretical problem.".
- Turnpike_model_of_money wikiPageID "20809708".
- Turnpike_model_of_money wikiPageLength "1621".
- Turnpike_model_of_money wikiPageOutDegree "8".
- Turnpike_model_of_money wikiPageRevisionID "588443171".
- Turnpike_model_of_money wikiPageWikiLink Arrow–Debreu_model.
- Turnpike_model_of_money wikiPageWikiLink Cash-in-advance_constraint.
- Turnpike_model_of_money wikiPageWikiLink Category:Economic_theories.
- Turnpike_model_of_money wikiPageWikiLink Frictionless_market.
- Turnpike_model_of_money wikiPageWikiLink Miguel_Sidrauski.
- Turnpike_model_of_money wikiPageWikiLink Monetary_economics.
- Turnpike_model_of_money wikiPageWikiLink Pareto_efficiency.
- Turnpike_model_of_money wikiPageWikiLink Robert_W._Clower.
- Turnpike_model_of_money wikiPageWikiLinkText "turnpike model of money".
- Turnpike_model_of_money wikiPageUsesTemplate Template:Reflist.
- Turnpike_model_of_money wikiPageUsesTemplate Template:Too_technical.
- Turnpike_model_of_money subject Category:Economic_theories.
- Turnpike_model_of_money type Ideology.
- Turnpike_model_of_money type Ideology.
- Turnpike_model_of_money type Theory.
- Turnpike_model_of_money comment "The turnpike model of money explains valued money as a way to facilitate trade between agents who meet as strangers in spatially separated isolated markets with no communication or transactions between the markets at any time.In the standard frictionless Arrow-Debreu model, since the nonmonetary competitive equilibria are already Pareto optimal, money can't facilitate exchange or is at best useless.".
- Turnpike_model_of_money label "Turnpike model of money".
- Turnpike_model_of_money sameAs Q7856099.
- Turnpike_model_of_money sameAs m.055wjx8.
- Turnpike_model_of_money sameAs Q7856099.
- Turnpike_model_of_money wasDerivedFrom Turnpike_model_of_money?oldid=588443171.
- Turnpike_model_of_money isPrimaryTopicOf Turnpike_model_of_money.