Enough Commodity Money and the Selection of a Unique Competitive Equilibrium

Suppose that we reformulate the exchange economy as a strategic market game. As all purchases are paid for in cash it is possible to attach precise meaning to what is meant by enough money. As the game is a single simultaneous bid and offered at m trading posts and m prices are all simultaneously determined, in essence the trading technology is completely specified.

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Year of publication:	1986-10
Authors:	Shubik, Martin
Institutions:	Cowles Foundation for Research in Economics, Yale University
Subject:	Exchange economy \| strategic market game \| commodity money

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Extent:	application/pdf
Series:	Cowles Foundation Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	The price is None Number 804 8 pages
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005762769