The core of a monetary economy without trust

DOI10.1016/0022-0531(78)90104-7zbMath0413.90012OpenAlexW2017029054MaRDI QIDQ598981

Douglas Gale

Publication date: 1978

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0022-0531(78)90104-7

zbMATH Keywords

uncertaintymoneygeneral equilibrium theoryatomless measure space of agentsblocking conceptbreaking promisescore and equilibriagame theoretic economic modelintertemporal exchanges between agentssequential coresequential exchange model

Mathematics Subject Classification ID

Other game-theoretic models (91A40) General equilibrium theory (91B50)

Related Items (22)

A characterization of the core in overlapping-generations economies ⋮ Coalitions with limited coordination ⋮ A two-stage core with applications to asset market and differential information economiesw ⋮ A note on the core of a monetary economy ⋮ Subgame-perfect cooperation in an extensive game ⋮ On the core of dynamic cooperative games ⋮ Signaling, screening, and core stability ⋮ Core concepts for incomplete market economies ⋮ Money, information and equilibrium in large economies ⋮ Competitive equilibria and the core of overlapping generations economies ⋮ CORE CONCEPTS FOR DYNAMIC TU GAMES ⋮ The strong sequential core for stationary cooperative games ⋮ Dynamic linear programming games with risk-averse players ⋮ Time horizons, lattice structures, and welfare in multi-period matching markets ⋮ The weak sequential core for two-period economies ⋮ The transactions cost of money (a strategic market game analysis) ⋮ Sharing the global outcomes of finite natural resource exploitation: a dynamic coalitional stability perspective ⋮ Core and equilibrium in incomplete markets ⋮ Blocking coalitions and fairness in asset markets and asymmetric information economies ⋮ Deviations, uncertainty and the core ⋮ The core of an exchange economy with asymmetric information ⋮ The strong sequential core for two-period economies

Cites Work

• Unnamed Item
• On the optimality of equilibrium when the market structure is incomplete
• A characterization of the optimality of equilibrium in incomplete markets
• Inefficiency and the Demand for "Money" in a Sequence Economy
• The Price of Money in a Pure Exchange Monetary Economy with Taxation
• Money and the Decentralization of Exchange
• A Theory of Competitive Equilibrium in Stock Market Economies
• On Transaction Costs, Inessential Sequence Economies and Money
• Equilibrium with Transaction Costs

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