P. A. Diamond, “Aggregate-Demand Management in Search Equilibrium,” Journal of Political Economy, Vol. 90, No. 5, 1882, pp. 881-894. doi:10.1086/261099

has been cited by the following article:

• TITLE: Inseparability of Transaction Medium and Store of Value in the Role of Money

  AUTHORS: Masayuki Otaki

  KEYWORDS: Search Theory of Money; Degeneration of Monetary Economy into Barter Economy; Inseparability of Transaction Medium and Store of Value

  JOURNAL NAME: Theoretical Economics Letters, Vol.3 No.4, July 17, 2013

  ABSTRACT: We analyze whether or not money can be circulated as a purely transaction medium in the search theory. We obtain the following result: unless the role of a store of value added to the function of money, money does not circulate and the economy degenerates into a barter economy.