This article is connected with the conceptual foundations of the theory of economic competition, as well as with the respective effect of the concept of the new solution, derived from the mathematical theory of games. We will discuss the three main principle of distribution in the economic...

This book presents the most important published articles of Martin Shubik who has made a path-breaking contribution to game theory and political economy. The volume shows how game theory can be used to explore fundamental problems in economics, political science and operations research.

We define and examine three minimal market games (sell-all, buy-sell, and double auction) in the laboratory relative to the predictions of theory. These closed exchange economies have some cash to facilitate transactions, and include feedback. The experiment reveals that (1) the competitive...

[fre] II est souvent insisté, dans les interprétations données aux résultats de Arrow et Debreu établissant l'existence de l'équilibre concurrentiel, sur l'importance en cette matière de la taille du marché et du nombre de participants. Cependant on constate que, d'un point de vue...

Comment about Kadane, J. B., P. D. Larkey. 1983. The confusion of is and ought in game theoretic contexts. Management Sci. 29(12) 1365--1379.

A broad nontechnical coverage of many of the developments in game theory since the 1950s is given together with some comments on important open problems and where some of the developments may take place. The nearly 90 references given serve only as a minimal guide to the many thousands of books...

Gaining and simulation mean different things to different people. Currently there exist separate schools of individuals working on interrelated but basically different areas. Each has its own special goals and terminology. Yet there is a sufficient overlap among them that it is important to...

Three models of a monetary economy are considered, in order to show the effects of a gold demonetization: the first with a gold money, the second with demonetized gold but no central bank, and the third with demonetized gold, but with a central bank. The distinctions between ownership and...