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Trade with assignats or landbank money: equilibria in a finite-person strategic market game
- Source :
- The Journal of Mathematical Economics. March, 1997, Vol. 27 Issue 2, p143, 20 p.
- Publication Year :
- 1997
-
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.
Details
- ISSN :
- 03044068
- Volume :
- 27
- Issue :
- 2
- Database :
- Gale General OneFile
- Journal :
- The Journal of Mathematical Economics
- Publication Type :
- Academic Journal
- Accession number :
- edsgcl.19390825