Zobrazeno 1 - 10
of 584
pro vyhledávání: '"Martin Shubik"'
Autor:
Michael R. Powers, Martin Shubik
Publikováno v:
Revista Contabilidade & Finanças, Vol 17, Iss spe2, Pp 101-107 (2006)
In previous work, the authors derived a mathematical expression for the optimal (or "saturation") number of reinsurers for a given number of primary insurers (see Powers and Shubik, 2001). In the current article, we show analytically that, for large
Externí odkaz:
https://doaj.org/article/110a28098c6844209b3f1500c2b52039
Autor:
Martin Shubik
This second volume in a three-volume exposition of Shubik's vision of'mathematical institutional economics'explores the new economic features that arise when we consider multi-period finite and infinite horizon economies.This is the second volume in
Publikováno v:
Journal of Economic Behavior & Organization. 148:171-188
We use a laboratory experiment to compare general equilibrium economies in which agents individually allocate their private goods among consumption, investment in production, and replenishing or refurbishing a depreciating public facility in a dynami
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::e1f8c9562cfd3a63f4c0d5d2eebfd647
https://doi.org/10.1016/j.jebo.2018.01.018
https://doi.org/10.1016/j.jebo.2018.01.018
Publikováno v:
Games and Economic Behavior. 108:452-465
Consider an exchange mechanism which accepts “diversified” offers of various commodities and then redistributes them. Under some natural conditions of “fairness” and “convenience”, such a mechanism admits unique prices, which equalize the
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::6d6438ecf45461ee233e2f7631dea21d
https://doi.org/10.1016/j.geb.2017.09.002
https://doi.org/10.1016/j.geb.2017.09.002
Publikováno v:
Games and Economic Behavior. 108:432-451
We consider mechanisms that provide the opportunity to exchange commodity i for commodity j , for certain ordered pairs ij . Given any connected graph G of opportunities, we show that there is a unique “ G -mechanism” that satisfies some natural
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::031838ad9972de5558f73248ec90eb25
https://doi.org/10.1016/j.geb.2017.09.003
https://doi.org/10.1016/j.geb.2017.09.003
Autor:
Martin Shubik
Publikováno v:
Accounting, Economics, and Law: A Convivium. 9
Accounting both for macro and microeconomic purposes deals with process and dynamics. Much of the best microeconomic theory has dealt only with statics. General equilibrium theory shows the virtues of a price system, but abstracts from price formatio
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::9c2f89da79180da0248f26815f1466e6
https://doi.org/10.1515/ael-2018-0054
https://doi.org/10.1515/ael-2018-0054
Mainstream macromodels have assumed away financial frictions, in particular default. The minimum addition in order to introduce financial intermediaries, money, and liquidity into such models is the possibility of default. This, in turn, requires tha
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::c59e0dbc8058084106fcb2b257fb0e00
https://doi.org/10.1093/oxfordhb/9780190626198.013.22
https://doi.org/10.1093/oxfordhb/9780190626198.013.22
Autor:
Martin Shubik
Publikováno v:
The Economy as an Evolving Complex System II ISBN: 9780429496639
General equilibrium is timeless, and without outside money, the price system is homogeneous of order zero. Some finite horizon strategic market game models are considered with an initial issue of flat money held as an asset. For any arbitrary finite
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::ca557c9f72e81b2a36fa079e51393046
https://doi.org/10.1201/9780429496639-11
https://doi.org/10.1201/9780429496639-11