Listagem por autor "Minetti, Raoul"

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    • The essentiality of money in environments with centralized trade 

      Araújo, Luís; Camargo, Bráz Ministério de; Minetti, Raoul; Puzzello, Daniela
      2012
      Lagos and Wright (2005) introduced an influential model of monetary exchange in which trade alternates between centralized and decentralized markets and money is essential. A limitation of their model and of the literature ...

    • Knowledge sharing and the dynamics of social capital 

      Araujo, Luis Fernando Oliveira de; Minetti, Raoul
      2011-12
      Mutual aid often entails the sharing of knowledge. We investigate how, in turn, knowledge sharing affects the long-run dynamics of mutual aid. In our economy, agents with specific knowledge are 'held up' by their principals. ...

    • Markets and relationships in a learning economy 

      Araujo, Luis Fernando Oliveira de; Minetti, Raoul
      2010-07
      It is generally agreed that within long-term relationships agents learn the characteristics of their market partners better than through spot transactions. In contrast, little is known on how relationship-based and ...

    • On the essentiality of banks 

      Araujo, Luis Fernando Oliveira de; Minetti, Raoul
      2011-08
      We compare allocations sustained by credit with allocations sustained by bank notes (inside money) in a search model with decentralized trade and limited monitoring. We demonstrate that there exists a credit arrangement ...