Heterogeneity and Lotteries in Monetary Search Models
在Berentsen、Molico和Wright的含彩票货币搜寻模型中引入事前异质性，发现彩票的三个主要结论在此修改下不再成立。
We introduce ex ante heterogeneity into the Berentsen, Molico, and Wright monetary search model with lotteries. We show that their three main results regarding lotteries do not survive this modification of the environment.