CAN ICE-CREAM BE MONEY - PERISHABLE MEDIUM OF EXCHANGE

Authors
CUADRASMORATO X
Citation
X. Cuadrasmorato, CAN ICE-CREAM BE MONEY - PERISHABLE MEDIUM OF EXCHANGE, Journal of economics, 66(2), 1997, pp. 103-125
Citations number
22
Journal title
Journal of economics → ACNP
ISSN journal
09318658
Volume
66
Issue
2
Year of publication
1997
Pages
103 - 125
Database
ISI
SICI code
0931-8658(1997)66:2<103:CIBM-P>2.0.ZU;2-7
Abstract
The aim of this paper is to demonstrate that a perishable good may be used as commodity money, even in economies in which perfectly durable commodities are available. This is shown in the general context of a s earch-theoretical model of a decentralized economy.