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Social norms and money

Article Abstract:

A social norm establishing gift exchange can substitute for money in some situations as long as the population is finite and agents are patient. Money is an essential medium of exchange when the population is large.

Author: Araujo, Luis

Publisher: Elsevier B.V.
Publication Name: Journal of Monetary Economics
Subject: Economics
ISSN: 0304-3932
Year: 2004

Other General Government Support, Coinage & Currency, Evaluation, Foreign exchange rates, Money, Foreign exchange market

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Price dispersion, information and learning

Article Abstract:

The relationship between price dispersion and learning process of business enterprises, in an economy with decentralized trade, is analyzed.

Author: Araujo, Luis, Shevchenko, Andrei

Publisher: Elsevier B.V.
Publication Name: Journal of Monetary Economics
Subject: Economics
ISSN: 0304-3932
Year: 2006

United States, Science & research, Pricing Policy, Venture Analysis, Research, Economic aspects, Pricing, Knowledge management, Business enterprises, Product price, Economic systems

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Subjects list: Analysis

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