A closed economy with exogenous uncertainty,different levels of information,money, futures and spot markets |
| |
Authors: | Dr. P. Dubey Prof. M. Shubik |
| |
Affiliation: | 1. Department of Economics, Yale University, 06520, New Haven, Connecticut, USA
|
| |
Abstract: | AMoney Game is a model of trade (and production) in which there is a distinguished commodity (real or fiat) which is used as a money; and in which complete rules for the formation of price, as a result of individual strategies, are given. The explicit definition of the games does not necessarily imply the type of solution concept to be used. In this paper we limit our enquiry to the noncooperative equilibrium and its relationship with the competitive equilibrium. |
| |
Keywords: | |
本文献已被 SpringerLink 等数据库收录! |
|