Trade with assignats or landbank money: equilibria in a finite-person strategic market game
Article Abstract:
A simplified economic model has one perishable commodity and money based on land ownership. A finite number of consumers bid at discrete periods for a fixed quantity of the commodity. After an initial distribution of wealth, the commodity is distributed in proportion to the bids. Game theory is used to demonstrate the redistribution of the remaining wealth.
Publisher: Elsevier B.V.
Publication Name: The Journal of Mathematical Economics
Subject: Mathematics
ISSN: 0304-4068
Year: 1997
Usage, Distribution, Game theory, Commodities, Equilibrium (Economics)
Publication Name: The Journal of Mathematical Economics
Subject: Mathematics
ISSN: 0304-4068
Year: 1997
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Incentive compatibility constraints and dynamic programming in continuous time
Article Abstract:
Incentive compatibility constraints are examined in the context of optimal control problems in continuous time.
Publisher: Elsevier B.V.
Publication Name: The Journal of Mathematical Economics
Subject: Mathematics
ISSN: 0304-4068
Year: 2000
Research, Economic research, Value (Economics)
Publication Name: The Journal of Mathematical Economics
Subject: Mathematics
ISSN: 0304-4068
Year: 2000
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Subjects list: Analysis, Economics
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