@article{8b02cee9dbb94f89b4231454277e8492,
title = "Multiplicity of monetary steady states",
abstract = "We investigate a monetary model in which the centralized market opens once, but the decentralized markets open twice in each period. We show that there may be multiple stationary equilibria.",
keywords = "Bargaining, E1, Multiple equilibria, Search",
author = "Ryoji Hiraguchi and Keiichiro Kobayashi",
note = "Publisher Copyright: {\textcopyright} 2015 Elsevier B.V. Copyright: Copyright 2015 Elsevier B.V., All rights reserved.",
year = "2015",
month = feb,
day = "1",
doi = "10.1016/j.econlet.2014.12.036",
language = "English",
volume = "127",
pages = "93--96",
journal = "Economics Letters",
issn = "0165-1765",
publisher = "Elsevier",
}