Stabsseminar ved Hens

Det er stabsseminar ved Institutt for foretaksøkonomi på torsdag 21. februar ved Thorsten Hens, University of Zürich/NHH.

19.02.2002 - Torunn G. Saunes

Tema: "On the Micro-foundations of Money: The Capitol Hill Baby-Sitting Co-op."
Tid: Torsdag 21. februar, kl. 12.15-13.30
Sted: Karl Borch's Aud.

Abstract:
"We suggest a new micro-foundation of money in which markets are well-organized but consumers' preferences are stochastic. In this model, we solve for stationary equilibria and show that there is an optimum quantity of money. The rational solution of our model is compared with actual behavior in a laboratory experiment. It turns out that the experiment gives support to our theoretical results."

Paper er tilgjengelig på instituttets hjemmeside.

Kontaktperson: Hans K. Hvide (59283)