Accession Number : AD0738047

Title :   A Theory of Money and Financial Institutions. Part IV. Fiat Money and Noncooperative Equilibrium in a Closed Economy,

Corporate Author : YALE UNIV NEW HAVEN CONN COWLES FOUNDATION FOR RESEARCH IN ECONOMICS

Personal Author(s) : Shubik,Martin

Report Date : 07 FEB 1972

Pagination or Media Count : 50

Abstract : ;Contents: Commodity money; Some modeling considerations; A noncooperative economy with fiat money; Some examples; On macroeconomies and microeconomies; Inflation and deflation; Transactions costs; The velocity of circulation and the quantity of money; A moncooperative game for the money market; Taxation, gross national product and welfare.

Descriptors :   (*ECONOMICS, *GAME THEORY), MONEY, MATHEMATICAL MODELS, COSTS, ORGANIZATIONS

Subject Categories : Economics and Cost Analysis

Distribution Statement : APPROVED FOR PUBLIC RELEASE