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Barley, Gold, or Fiat: Toward a Pure Theory of Money

Thomas Quint and Martin Shubik

Published in print:
2014
Published Online:
May 2014
ISBN:
9780300188158
eISBN:
9780300199222
Item type:
book
Publisher:
Yale University Press
DOI:
10.12987/yale/9780300188158.001.0001
Subject:
Economics and Finance, Macro- and Monetary Economics

This book is about using game theory to model money and financial institutions. Using the backdrop of a simple two-good economy with two continua of traders, we propose a strategic market game to ... More


The Basic Model

Thomas Quint and Martin Shubik

in Barley, Gold, or Fiat: Toward a Pure Theory of Money

Published in print:
2014
Published Online:
May 2014
ISBN:
9780300188158
eISBN:
9780300199222
Item type:
chapter
Publisher:
Yale University Press
DOI:
10.12987/yale/9780300188158.003.0003
Subject:
Economics and Finance, Macro- and Monetary Economics

Here we present our “Basic Model,” a simple two-good buy-sell strategic market game economy upon which all others in the book are based. The model uses a storable consumable money, and we begin with ... More


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