Publication View

Heterogeneity and Lotteries in Monetary Search Models

SÉBASTIEN LOTZ,
ANDREI SHEVCHENKO,
CHRISTOPHER WALLER

Abstract

We introduce ex ante heterogeneity into the Berentsen, Molico, and Wright monetary search model with lotteries. We show that their three main results regarding lotteries do not survive this modification of the environment. Copyright 2007 The Ohio State University.

Publication details

Download	http://www.blackwell-synergy.com/doi/abs/10.1111/j.0022-2879.2007.00042.x
Repository	RePEc (Germany)
Type	article