Title of article :
Production,hiddenaction,andthepaymentsystem
Author/Authors :
Chao Gu، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 2011
Abstract :
Usingamodifiedversionof Freeman’s(1996) paymentsystemmodel,theoptimal
intradayrateisexamined.Theproductionsetismodifiedtoaccountforanon-
degeneratedistributionofsettlementswithinaday.Inadditiontothemodified
productionset,theconsumptionsetismodified.Apositiveintradayinterestratemay
be abletoimplementtheplanner’sallocation
Journal title :
Journal of Monetary Economics
Journal title :
Journal of Monetary Economics