The Numeraire, Money and the Missing Degree of Freedom

The prime purpose of this article is to illustrate some basic problems in the modelling of strategic market games with a single means of exchange or with complete markets. A simple example involving three types of traders trading in three commodities serves to make the points clear.

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Year of publication:	1985-05
Authors:	Shubik, Martin
Institutions:	Cowles Foundation for Research in Economics, Yale University
Subject:	Strategic market games \| numeraire \| single means of exchange

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Extent:	application/pdf
Series:	Cowles Foundation Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	The price is None Number 750 13 pages
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005593321