Urs Haegler
Biographic Data
| ID | 5739438 |
|---|---|
| NAME | Urs Haegler |
| GIVEN NAMES | Urs |
| FAMILY NAME | Haegler |
| SIGNATURE | HAEGLER U |
| AFFILIATIONS | London School of Economics and Political Science |
| VERIFIED | No |
| TOTAL WORKS | 1 |
| TOTAL CITATIONS | 0 |
| WORKS AS AUTHOR | 1 |
| WORKS AS EDITOR | 0 |
| FIRST PUBLICATION YEAR | 1997 |
| LATEST PUBLICATION YEAR | 1997 |
| H-INDEX | 0 |
Fiat Money and Quality Uncertainty
The paper studies the role of money as a medium of exchange when barter trade is restricted not only by the double‐coincidence‐of‐wants requirement but also by private information about the quality of commodities. For this purpose, the model of Kiyotaki and Wright (1989) is extended to include commodities of both high and low quality. It is shown that, despite being intrinsically useless, fiat money may have value in trade because it is of unifor…
No prominent works on this page.
Fiat Money and Quality Uncertainty
The paper studies the role of money as a medium of exchange when barter trade is restricted not only by the double‐coincidence‐of‐wants requirement but also by private information about the quality of commodities. For this purpose, the model of Kiyotaki and Wright (1989) is extended to include commodities of both high and low quality. It is shown that, despite being intrinsically useless, fiat money may have value in trade because it is of unifor…
Barter (1 work) · Computer Science (1 work) · Currency (1 work) · Economic theories and models (1 work) · Economic Theory and Institutions (1 work) · Economic Theory and Policy (1 work) · Economics (1 work) · Fiat money (1 work) · Macroeconomics (1 work) · Market economy (1 work)