Equilibrium Price Dispersion in a Matching Model with Divisible Money*
证明在Green和Zhou的可分割货币匹配模型中，对于任意参数值，存在价格离散的均衡（双价格均衡），并分析了价格离散的福利效应。
The main purpose of this article is to show that, for any given parameter value, an equilibrium with dispersed prices (two‐price equilibrium) exists in Green and Zhou's matching model with divisible money. The welfare effect of price dispersion is also analyzed.