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Title:Money is an Experience Good: Competition and Trust in the Private Provision of Money Author(s):MARIMON, Ramon
; NICOLINI, Juan Pablo; TELES, PedroDate:2011Type:Working PaperSeries/Number:EUI ECO; 2011/24Abstract:We study the interplay between competition and trust as efficiency-enhancingmechanims in the private provision of money. With commitment, trust is automatically achieved and competition ensures efficiency. Without commitment, ...
; NICOLINI, Juan Pablo; TELES, PedroDate:2011Type:Working PaperSeries/Number:EUI ECO; 2011/24Abstract:We study the interplay between competition and trust as efficiency-enhancingmechanims in the private provision of money. With commitment, trust is automatically achieved and competition ensures efficiency. Without commitment, ...