Money and prices: a model of search and bargaining

Article Abstract:

An analysis is done where commodities are made divisible and asearch-theoretic model of money is developed, which incorporates bargaining to estimate the purchasing power of money. It is proven that two monetary equilibria will always be present when fiat money is accepted universally. Money accepted universally in all states of the economy results in the existence of sunspot monetary equilibria.

Analysis, Prices, Money, Negotiation, Negotiations

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A solution to the random assignment problem on the full preference domain

Article Abstract:

A method based on random priority mechanism for solving the problem of allocating multiple objects to multiple agents efficiently is analyzed.

United States, Management dynamics, Methods, Management, Usage, Problem solving, Company business management, Resource allocation, Stochastic processes, Commercial agents

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