Browsing Working Papers by Author "Laing, Derek"
Now showing items 1-2 of 2
-
Laing, Derek; Li, Victor; Wang, Ping (Vanderbilt University, 2000)We study price determination and exchange patterns in a monopolistically competitive economy, in which both goods and (fiat) money are perfectly divisible. The decentralized trading environment features 'multiple matches,' ...
-
Laing, Derek; Palivos, Theodore; Wang, Ping (Vanderbilt University, 2001)A dynamic general equilibrium model of search and matching is constructed in which: (i) the stock of public knowledge grows through time and (ii) workers accumulate a fraction of this knowledge through education while ...