:My favourite almost double coincidence is between Hermann Goering and Alfred Rosenberg.
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No exchange-without the double coincidence of wants.
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William Stanley Jevons and Ross M . Starr use the term'double coincidence of wants'for the same concept.
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Barter is an exchange of physical equivalents, barter is limited to goods for goods; a barter exchange cannot take place unless there is a double coincidence of wants.
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Given a diverse array of produced goods and specialized producers, barter may entail a hard-to-locate double coincidence of wants as to what is exchanged, say apples and a book.
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This model, which formalized William Stanley Jevons'insight about the double coincidence of wants as a barrier to economic activity under barter, has come to be known as the Kiyotaki Wright model.
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The circulation of a standardized currency provides a method of overcoming the major disadvantage to commerce through use of a barter system, the " double coincidence of wants " necessary for barter trades to occur.
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The application of these theories emerged in Kiyotaki and Wright ( 1993 ), when the authors developed a tractable model of the exchange process that captures the " double coincidence of wants problem " in a pure barter setup.
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The "'coincidence of wants "'problem ( often " "'double coincidence "'of wants " ) is the situation where the supplier of good A wants good B and the supplier of good B wants good A
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The names of such units of currency are sometimes based on extant or historic currencies ( e . g . " Altairian dollars " or " Earth yen " ) while others, such as " Kalganids " in double coincidence of wants " in a barter system.
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