Title of article
Production,hiddenaction,andthepaymentsystem
Author/Authors
Chao Gu، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2011
Pages
11
From page
172
To page
182
Abstract
Usingamodifiedversionof Freeman’s(1996) paymentsystemmodel,theoptimal
intradayrateisexamined.Theproductionsetismodifiedtoaccountforanon-
degeneratedistributionofsettlementswithinaday.Inadditiontothemodified
productionset,theconsumptionsetismodified.Apositiveintradayinterestratemay
be abletoimplementtheplanner’sallocation
Journal title
Journal of Monetary Economics
Serial Year
2011
Journal title
Journal of Monetary Economics
Record number
846463
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