A dynamic equilibrium model of search, bargaining and money

Article Abstract:

Traditional myopic nash bargaining solutions can generate economic models that do not include limit cycles, making them less useful or obsolete. By using dynamic equilibria, in the form of a differential equation, a model can be developed that includes limit cycles. Other factors in the model include fiat money, strategic bargaining and random matching.

Analysis, Usage, Economics, Negotiation, Negotiations, Differential equations

---

Dyanmics, cycles, and sunspot equilibria in 'genuinely dynamic fundamentally disaggregative' models of money

Article Abstract:

Search-theoretical models by Cass and Shell are pursued . Search models generate interesting dynamic equilibria, including cycles, chaos and sunspot equilibria just as in overlapping generations models which help us to understand how alternative models are related.

Other General Government Support, Coinage & Currency, Money, Business cycles, Chaos theory, Sun-spots, Sunspots, Search theory

---

Cigarette money

Article Abstract:

Commodities are examined as media of exchange in terms of specialization, intrinsic properties of goods, and trading frictions.

Research, Commodities

Similar abstracts:

• Abstracts: A regional dynamic general-equilibrium model of alternative climate-change strategies. New directions in national economic accounting
• Abstracts: Solving dynamic general equilibrium models using a second-order approximation to the policy function. Dynamic learning in a two-person experimental game
• Abstracts: Nonconvex factor adjustments in equilibrium business cycle models: do nonlinearities matter?. Growth and risk-sharing with private information
• Abstracts: Advertising and promotion. The future. Forecast
• Abstracts: On controlling crime with corrupt officials. Asymmetric capacity costs and joint venture buy-outs. Cooperation in R&D: the case of patent infringement agreements

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.