Abstract
The aim of this paper is to demonstrate that a perishable good may be used as commodity money, even in economies in which perfectly durable commodities are available. This is shown in the general context of a search-theoretical model of a decentralized economy.
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Cuadras-Morató, X. Can ice cream be money?: Perishable medium of exchange. Journal of Economics Zeitschrift für Nationalökonomie 66, 103–125 (1997). https://doi.org/10.1007/BF01234402
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DOI: https://doi.org/10.1007/BF01234402