Money in Search Equilibrium, in Competitive Equilibrium, and in Competitive Search Equilibrium

By Guillaume Rocheteau, Randall Wright. 2003

596 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/6a3d726a4ae6522f888c502540088c34b97eb24f

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In Economics and Econometrics

Citations in the corpus

Competing on Speed (2018, unknown): “A similar market mechanism is considered in the monetary economy of Rocheteau and Wright (2005) (which they label competitive equilibrium).”
A Model of Money and Credit, with Application to the Credit Card Debt Puzzle (2007, unknown): “q = 1⁄2 g(β3m3φ1,+1) if m3 < m ∗ 3 q∗ if m3 ≥ m3 and d = 1⁄2 m3 if m3 < m3 m3 if m3 ≥ m3 (23)”
Liquidity: A New Monetarist Perspective (2017, background): “An extension in Lagos and Rocheteau (2005) and Rocheteau and Wright (2005), on which we spend more time, has two distinct types, called buyers and sellers because in every DM the former want to consume but cannot produce while the latter pro- duce but do not consume.”
Housing and Liquidity (2015, methodology): “One could perhaps adapt the approach in Rocheteau and Wright (2010), say by introducing free entry of sellers into the DM, so that as long as arrival rates are endogenous, since that leads to multiple steady states, and as in that paper one could try to construct equilibria where grows for an extend”
Sorting and Decentralized Price Competition (2010, unknown): “m′′(λ̃(x))f(x, μ(x))λ̃ ′ (x) + m′(λ̃(x)) [ fx(x, μ(x)) + fy(x, μ(x))μ′(x) ] = q(λ̃(x))fx(x, μ(x)) (28)”
Liquidity, Monetary Policy, and the Financial Crisis: A New Monetarist Approach (2012, background): “The basic model builds on Lagos and Wright (2005) and Rocheteau and Wright (2005).”
The Distribution of Money Balances and the Nonneutrality of Money (2005, unknown): “First, as in Rocheteau and Wright (2004) we assume that all markets are Walrasian rather than assuming bilateral bargaining, since, although one can get similar results under bargaining, this simplifies the presentation.”
Money, Banking, and Monetary Policy (2006, background): “…litertaure, people have studied versions with alternative bargaining solutions (Rocheteau and Waller 2005), Walrasian price taking or price posting (Rocheteau and Wright 2005), and, in versions that allow some multilateral matches, auctions (Galenianos and Kircher 2006); any of these would work…”
Friedman Meets Hosios: Efficiency in Search Models of Money (2007, unknown): “The rate γh is calculated similarly to (34), using instead the modified Hosios rule (49) and the conditions (47)—(48) to solve for (T h, σb , σ h s , q h(Th)).”