On the Role of Paper Money in General Equilibrium Models with Incomplete Markets
Title | On the Role of Paper Money in General Equilibrium Models with Incomplete Markets PDF eBook |
Author | Atsushi Kajii |
Publisher | |
Pages | 46 |
Release | 1991 |
Genre | |
ISBN |
Theory of Incomplete Markets
Title | Theory of Incomplete Markets PDF eBook |
Author | Michael Magill |
Publisher | MIT Press |
Pages | 566 |
Release | 2002 |
Genre | Business & Economics |
ISBN | 9780262632546 |
Theory of incompl. markets/M. Magill, M. Quinzii. - V.1.
On the Role of Paper Money in General Equilibrium Model Without Transactions Costs
Title | On the Role of Paper Money in General Equilibrium Model Without Transactions Costs PDF eBook |
Author | Atsushi Kajii |
Publisher | |
Pages | 11 |
Release | 1994 |
Genre | |
ISBN |
On the Role of Paper Money in General Equilibrium Model Without Transaction Costs
Title | On the Role of Paper Money in General Equilibrium Model Without Transaction Costs PDF eBook |
Author | Atsushi Kajii |
Publisher | |
Pages | |
Release | 1994 |
Genre | |
ISBN |
Money
Title | Money PDF eBook |
Author | Douglas Gale |
Publisher | Cambridge University Press |
Pages | 364 |
Release | 1982-09-30 |
Genre | Business & Economics |
ISBN | 9780521289009 |
This book deals mainly with what can be described as the general-equilibrium approach to monetary theory. The author does not attempt an encyclopaedic treatment, rather Gale investigates the central problems and ideas in the development of topical monetary theory. The first part of the book - technically the easier - deals with questions which will be recognized as falling within the traditional field of (macroeconomic) monetary theory, although the treatment is unflaggingly microeconomic. The second part is less conventional, dealing with the general equilibrium theory of money in a fundamental way.
The Guidance of an Enterprise Economy
Title | The Guidance of an Enterprise Economy PDF eBook |
Author | Martin Shubik |
Publisher | MIT Press |
Pages | 591 |
Release | 2016-09-23 |
Genre | Business & Economics |
ISBN | 0262034638 |
A rigorous theory of money, credit, and bankruptcy in the context of a mixed economy, uniting Walrasian general equilibrium with macroeconomic dynamics and Schumpeterian innovation. This book offers a rigorous study of control, guidance, and coordination problems of an enterprise economy, with attention to the roles of money and financial institutions. The approach is distinctive in drawing on game theory, methods of physics and experimental gaming, and, more generally, a broader evolutionary perspective from the biological and behavioral sciences. The proposed theory unites Walrasian general equilibrium with macroeconomic dynamics and Schumpeterian innovation utilizing strategic market games. Problems concerning the meaning of rational economic behavior and the concept of solution are noted. The authors argue that process models of the economy can be built that are consistent with the general equilibrium system but become progressively more complex as new functions are added. Explicit embedding of the economy within the framework of government and society provides a natural, both formal and informal, control system. The authors describe how to build and analyze multistate models with simple assumptions about behavior, and develop a general modeling methodology for the construction of models as playable games.
The Theory of Money and Financial Institutions
Title | The Theory of Money and Financial Institutions PDF eBook |
Author | Martin Shubik |
Publisher | MIT Press |
Pages | 472 |
Release | 1999 |
Genre | Business & Economics |
ISBN | 9780262693110 |
This first volume in a three-volume exposition of Shubik's vision of "mathematical institutional economics" explores a one-period approach to economic exchange with money, debt, and bankruptcy. This is the first volume in a three-volume exposition of Martin Shubik's vision of "mathematical institutional economics"--a term he coined in 1959 to describe the theoretical underpinnings needed for the construction of an economic dynamics. The goal is to develop a process-oriented theory of money and financial institutions that reconciles micro- and macroeconomics, using as a prime tool the theory of games in strategic and extensive form. The approach involves a search for minimal financial institutions that appear as a logical, technological, and institutional necessity, as part of the "rules of the game." Money and financial institutions are assumed to be the basic elements of the network that transmits the sociopolitical imperatives to the economy. Volume 1 deals with a one-period approach to economic exchange with money, debt, and bankruptcy. Volume 2 explores the new economic features that arise when we consider multi-period finite and infinite horizon economies. Volume 3 will consider the specific role of financial institutions and government, and formulate the economic financial control problem linking micro- and macroeconomics.