A Theory of Money and Financial Institutions. Part 22. A Price-Quantity Buy-Sell Market with and without Contingent Bids,

Abstract

In this paper two specific models of trade are described. These each may be used to define a game of strategy in strategic form. The author examines each game utilizing the noncooperative equilibrium solution concept. His specific concern is with the description of trade and the relationship between the noncooperative equilibria and the competitive equilibria of the economic trading system regarded as a simple Walrasian system.

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Document Details

Document Type
Technical Report
Publication Date
May 16, 1977
Accession Number
ADA042552

Entities

People

  • Martin Shubik

Organizations

  • Yale University

Tags

DTIC Thesaurus Topics

  • Commerce
  • Commodities
  • Connecticut
  • Contracts
  • Economics
  • Governments
  • Macroeconomics
  • Materials
  • Military Research
  • New York
  • United States
  • United States Government

Fields of Study

  • Economics

Readers

  • Game Theory.
  • Industrial Economics
  • Life Cycle Cost Analysis