Accession Number:

ADA022006

Title:

A Theory of Money and Financial Institutions. Part 24. Trade and Prices in a Closed Economy with Exogenous Uncertainty, Different Levels of Information, Money and Compound Future Markets,

Descriptive Note:

Corporate Author:

YALE UNIV NEW HAVEN CONN COWLES FOUNDATION FOR RESEARCH IN ECONOMICS

Personal Author(s):

• Dubey,Pradeep
• Shubik,Martin

Report Date:

1976-01-05

Pagination or Media Count:

43.0

Abstract:

Contents The competitive equilibrium A related trading game Trade with exogenous uncertainty The existence of a noncooperative equilibrium with nonsymmetric information An example Convergence of the equilibrium with replication Futures markets and the distribution of information.

Descriptors:

• *COMMERCE
• *GAME THEORY
• *ECONOMIC MODELS
• MATHEMATICAL MODELS
• UNCERTAINTY
• EQUILIBRIUM(GENERAL)
• MONEY
• THEOREMS

Subject Categories:

• Economics and Cost Analysis
• Operations Research

Distribution Statement:

APPROVED FOR PUBLIC RELEASE