Showing 1 - 10 of 1,811
Under what conditions can cooperation be sustained in a network of strangers? Here we study the role of institutions and uncover a new behavioral foundation for the use of monetary systems. In an experiment, anonymous subjects could cooperate or defect in bilateral random encounters. This...
Persistent link: https://www.econbiz.de/10011735015
goods trade model which also captures trade through time in the form of inside money as used in macro literature on one good … way. -- Inside money ; general equilibrium ; Nash equilibrium ; numerical analysis ; tariff rate …
Persistent link: https://www.econbiz.de/10003806727
Persistent link: https://www.econbiz.de/10009427753
Persistent link: https://www.econbiz.de/10009663258
Persistent link: https://www.econbiz.de/10009762925
The theory of money typically ignores the fact that the mode of market interaction arises endogenously, and simply … understanding the conditions that lend themselves to the development of money as a mode of exchange. To study this, we develop a … theory of money such that the market structure is endogenized. …
Persistent link: https://www.econbiz.de/10011518683
The context of competition -- Game theory and gaming -- Measurement and modeling -- One-period markets -- Endogenizing …
Persistent link: https://www.econbiz.de/10011494519
Persistent link: https://www.econbiz.de/10010462954
Persistent link: https://www.econbiz.de/10002717154
Persistent link: https://www.econbiz.de/10001630115