Essec\Faculty\Model\Contribution {#2190
  #_index: "academ_contributions"
  #_id: "6243"
  #_source: array:26 [
    "id" => "6243"
    "slug" => "is-any-currency-reform-neutral-what-search-theory-teaches-us"
    "yearMonth" => "1998-09"
    "year" => "1998"
    "title" => "Is any Currency Reform "Neutral"? What Search Theory Teaches us."
    "description" => "BESANCENOT, D., ROCHETEAU, G. et VRANCEANU, R. (1998). Is any Currency Reform "Neutral"? What Search Theory Teaches us."
    "authors" => array:3 [
      0 => array:3 [
        "name" => "VRANCEANU Radu"
        "bid" => "B00000524"
        "slug" => "vranceanu-radu"
      ]
      1 => array:1 [
        "name" => "BESANCENOT D."
      ]
      2 => array:1 [
        "name" => "ROCHETEAU G."
      ]
    ]
    "ouvrage" => ""
    "keywords" => []
    "updatedAt" => "2021-04-19 17:57:25"
    "publicationUrl" => null
    "publicationInfo" => array:3 [
      "pages" => null
      "volume" => null
      "number" => null
    ]
    "type" => array:2 [
      "fr" => "Communications dans une conférence"
      "en" => "Presentations at an Academic or Professional conference"
    ]
    "support_type" => array:2 [
      "fr" => null
      "en" => null
    ]
    "countries" => array:2 [
      "fr" => null
      "en" => null
    ]
    "abstract" => array:2 [
      "fr" => "L'article propose un modèle de théorie de la recherche pour étudier les conséquences économiques d'une réforme monétaire dans lequel le taux de conversion n'est pas une valeur arrondie. Les agents diffèrent dans leur aptitude à faire des transformations exactes des nouveaux prix de l'ancienne monnaie. Les entreprises peuvent discriminer entre les consommateurs en fonction de leur taux de conversion individuel. Par conséquent, les consommateurs entament un processus de recherche de prix inférieurs à leur prix de réservation. Un nouvel équilibre apparaît : dans certains cas la production diminue mais le surplus des consommateurs peut augmenter."
      "en" => "This paper develops a search equilibrium model to explore the economic consequences of a currency reform which makes use of a decimal conversion rate. Agents differ in their ability to calculate the correct price in the former currency. Firms may attempt to discriminate between consumers in keeping with their individual heuristic conversions rates. As a consequence of this price distribution, consumers engage in a time-consuming search process for the lowest price. The post-reform equilibrium may involve a different price distribution, changes in the activity level and in the surplus of the various types of consumers."
    ]
    "authors_fields" => array:2 [
      "fr" => "Economie"
      "en" => "Economics"
    ]
    "indexedAt" => "2024-04-19T13:22:15.000Z"
    "docTitle" => "Is any Currency Reform "Neutral"? What Search Theory Teaches us."
    "docSurtitle" => "Presentations at an Academic or Professional conference"
    "authorNames" => "<a href="/cv/vranceanu-radu">VRANCEANU Radu</a>, BESANCENOT D., ROCHETEAU G."
    "docDescription" => "<span class="document-property-authors">VRANCEANU Radu, BESANCENOT D., ROCHETEAU G.</span><br><span class="document-property-authors_fields">Economics</span> | <span class="document-property-year">1998</span>"
    "keywordList" => ""
    "docPreview" => "<b>Is any Currency Reform "Neutral"? What Search Theory Teaches us.</b><br><span>1998-09 | Presentations at an Academic or Professional conference </span>"
    "docType" => "research"
    "publicationLink" => "<a href="#" target="_blank">Is any Currency Reform "Neutral"? What Search Theory Teaches us.</a>"
  ]
  +lang: "en"
  +"_type": "_doc"
  +"_score": 9.247893
  +"parent": null
}