Is Money Essential? An Experimental Approach (Record no. 134471)

MARC details
000 -LEADER
fixed length control field 01437nas a2200241Ia 4500
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fixed length control field 241107c99999999xx |||||||||||| ||und||
022 ## - INTERNATIONAL STANDARD SERIAL NUMBER
International Standard Serial Number 0022-3808
100 ## - MAIN ENTRY--PERSONAL NAME
Personal name Jiang, Janet Hua
9 (RLIN) 123253
245 #0 - TITLE STATEMENT
Title Is Money Essential? An Experimental Approach
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Name of publisher, distributor, etc. Journal of Political Economy
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Date of publication, distribution, etc. 2024
300 ## - PHYSICAL DESCRIPTION
Extent 2972-2998
520 ## - SUMMARY, ETC.
Abstract Monetary exchange is called essential when better outcomes become incentive compatible when money is introduced. We study essentiality theoretically and experimentally using finite-horizon monetary models that are naturally suited to the lab. Following mechanism design, we also study the effects of strategy recommendations both when they are incentive compatible and when they are not. Results show that output and welfare are significantly enhanced by fiat currency if monetary equilibrium exists but not otherwise. Also, recommendations help if incentive compatible but not otherwise. Sometimes money gets used when it should not, and we investigate why, using surveys and measures of social preferences.
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Monetary Equilibrium
9 (RLIN) 5106
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Monetary Exchange
9 (RLIN) 123254
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Monetary Models
9 (RLIN) 24818
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Money
700 ## - ADDED ENTRY--PERSONAL NAME
Personal name Norman, Peter
9 (RLIN) 123255
700 ## - ADDED ENTRY--PERSONAL NAME
Personal name Puzzello, Daniela
9 (RLIN) 123256
700 ## - ADDED ENTRY--PERSONAL NAME
Personal name Sultanum, Bruno
9 (RLIN) 123257
700 ## - ADDED ENTRY--PERSONAL NAME
Personal name Wright, Randall
9 (RLIN) 123258
856 ## - ELECTRONIC LOCATION AND ACCESS
Uniform Resource Identifier <a href="https://www.journals.uchicago.edu/doi/10.1086/730199">https://www.journals.uchicago.edu/doi/10.1086/730199</a>
999 ## - SYSTEM CONTROL NUMBERS (KOHA)
Koha biblionumber 134471
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Withdrawn status Lost status Damaged status Not for loan Home library Current library Date acquired Serial Enumeration / chronology Total Checkouts Barcode Date last seen Price effective from Koha item type
        Dr VKRV Rao Library Dr VKRV Rao Library 07/11/2024 Vol. 132, No. 9   AI742 07/11/2024 07/11/2024 Article Index