Time and Money

Autor:	Martin Shubik
Rok vydání:	2018
Předmět:	Outside money Computer Science::Computer Science and Game Theory Quantity theory of money Money illusion Economics Price level Time horizon Monetary economics Price system Mathematical economics Market game Computer Science::Computers and Society Velocity of money
Zdroj:	The Economy as an Evolving Complex System II ISBN: 9780429496639
DOI:	10.1201/9780429496639-11
Popis:	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 horizon, the solution is time-dependent. In the infinite horizon, time disappears with the initial issue of flat money present as circulating capital in the fully stationary state and the price level is determined.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::ca557c9f72e81b2a36fa079e51393046 https://doi.org/10.1201/9780429496639-11 Zobrazit plný text záznamu