This hypothesis demonstrates the indeterminacy of dynamic equilibria in matching models, suggesting broader implications for economic theory.
This paper has the purpose of presenting the hypothesis that indeterminacy of dynamic equilibria is an almost generic property of the matching models with divisible money which stems from the combination of two basic features of the models: the neutrality of money built into the components of the models and the law of monetary mass conservation.
No takes yet. Share an insight, caveat, or question.
Yoshinao Sahashi (2007) studied this question.
Synapse has enriched 5 closely related papers on similar clinical questions. Consider them for comparative context: