Title :

'As one dies, so dies the other' ? On local complementary currencies as two-sided platforms

Author(s) :

Desquilbet, Jean-Baptiste [Auteur correspondant]
Lille économie management - UMR 9221 [LEM]
Farvaque, Etienne [Auteur]
Lille économie management - UMR 9221 [LEM]

English keyword(s) :

Community currency
Complementary currency
Local exchange systems
Two-sided platforms
Means of payment JEL Classification: D42
E41
E42
E59
L11

HAL domain(s) :

Sciences de l'Homme et Société/Economies et finances
Sciences de l'Homme et Société

English abstract : [en]

Are local complementary currencies doomed? We analyse the conditions underlying the existence of these alternative monetary arrangements from the perspective of the two-sided platform theory. Considering their benefits to ...
Show more >Are local complementary currencies doomed? We analyse the conditions underlying the existence of these alternative monetary arrangements from the perspective of the two-sided platform theory. Considering their benefits to depend on the cross-externality generated by the presence of buyers and sellers using the alternative means of payment, we show that the possibility of the sustainability of such arrangements is weak. The result is established in a very general setting and with few restrictions on the parameters. Except in the presence of subsidies, the odds are low for local complementary currencies to survive.Show less >

Language :

Anglais

Collections :

• Lille Économie Management (LEM) - UMR 9221

Source :

Harvested from HAL