@techreport{05a68caaa1a54f17a60fa5891929544c,
title = "Equilibrium Price Dispersion in a Matching Model with Divisible Money",
abstract = "The main purpose of this paper is to show that, for any given parameter values, an equilibrium with dispersed prices (two-price equilibrium) exists in a simple matching model with divisible money presented by Green and Zhou (1998).We also show that our two-price equilibrium is unique in certain environments. Moreover, the welfare effect of price dispersion is analysed.",
keywords = "equilibrium analysis, prices, money",
author = "K. Kamiya and T. Sato",
note = "Pagination: 28",
year = "2002",
language = "English",
volume = "2002-118",
series = "CentER Discussion Paper",
publisher = "Microeconomics",
type = "WorkingPaper",
institution = "Microeconomics",
}