Document Type
Discussion Paper
Publication Date
10-1-1986
CFDP Number
804
CFDP Pages
8
Abstract
Suppose that we reformulate the exchange economy as a strategic market game. As all purchases are paid for in cash it is possible to attach precise meaning to what is meant by enough money. As the game is a single simultaneous bid and offered at m trading posts and m prices are all simultaneously determined, in essence the trading technology is completely specified.
Recommended Citation
Shubik, Martin, "Enough Commodity Money and the Selection of a Unique Competitive Equilibrium" (1986). Cowles Foundation Discussion Papers. 1047.
https://elischolar.library.yale.edu/cowles-discussion-paper-series/1047