Martin Shubik

Yale University - School of Management

Box 208200

New Haven, CT 06520-8200

United States

Yale University - Cowles Foundation

Seymour H. Knox Professor of Mathmatical Institutional Economics

Box 208281

New Haven, CT 06520-8281

United States

http://cowles.econ.yale.edu/P/au/d_shubik.htm

  • Yale University - School of Management

  • Yale University - Cowles Foundation

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SCHOLARLY PAPERS

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341

Scholarly Papers (73)

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1.

Accounting and Economic Theory

Number of pages: 16 Posted: 21 Jan 2003
Martin Shubik
Yale University - School of Management
Downloads 3,424 (6,826)
Citation 1

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2.

Game Theory: Some Observations

Number of pages: 7 Posted: 29 Jan 2001
Martin Shubik
Yale University - School of Management
Downloads 3,255 (7,378)

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Game Theory, Gaming, Simulation, Evolutionary Game Theory

3.

Game Theory and Operations Research: Some Musings 50 Years Later

Number of pages: 12 Posted: 22 Jun 2001
Martin Shubik
Yale University - School of Management
Downloads 1,878 (17,673)
Citation 7

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4.

Dealers in Art

Number of pages: 10 Posted: 09 Jan 2002
Martin Shubik
Yale University - School of Management
Downloads 872 (54,345)
Citation 1

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Art Dealers, Pricing, Market Size

5.

Terrorist Groups as Business Firms: A New Typological Framework

21 Terrorism and Political Violence 327
Number of pages: 8 Posted: 25 Jan 2007 Last Revised: 17 Jun 2013
Aaron Zelinsky and Martin Shubik
University of Maryland Francis Carey School of Law and Yale University - School of Management
Downloads 790 (62,145)
Citation 1

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6.

Risk, Public Perception and Education: Quantitative and Qualitative Risk

Number of pages: 8 Posted: 05 Jun 2001
Martin Shubik
Yale University - School of Management
Downloads 738 (67,921)

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7.

The Present and Future of Game Theory

Cowles Foundation Discussion Paper No. 1808
Number of pages: 21 Posted: 11 Jul 2011
Martin Shubik
Yale University - School of Management
Downloads 732 (68,630)
Citation 2

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game theory, application and theory, social sciences, law, experimental gaming, conflict, coordination and cooperation

8.

Market Bubbles and Wasteful Avoidance: Tax and Regulatory Constraints on Short Sales

Downloads 625 (83,851)

Market Bubbles and Wasteful Avoidance: Tax and Regulatory Constraints on Short Sales

Number of pages: 54 Posted: 07 Apr 2003
Michael R. Powers, David M. Schizer and Martin Shubik
Independent, Columbia University - Law School and Yale University - School of Management
Downloads 625 (82,786)
Citation 1

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Short Sales, Speculative Bubble, Tax, Capital Gain, Locate Requirement, Uptick Rule, Noise Trader

Market Bubbles and Wasteful Avoidance: Tax and Regulatory Constraints on Short Sales

Posted: 02 Aug 2004
Michael R. Powers, David M. Schizer and Martin Shubik
Independent, Columbia University - Law School and Yale University - School of Management

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Short Sales, Speculative Bubble, Tax, Capital Gain, Locate Requirement, Uptick Rule, Noise Trader

9.

Default and Punishment in General Equilibrium

Downloads 590 (90,259)
Citation 117

Default and Punishment in General Equilibrium

Number of pages: 35 Posted: 15 Apr 2003
Pradeep K. Dubey, John Geanakoplos and Martin Shubik
SUNY Stony Brook - Center for Game Theory in Economics, Yale University and Yale University - School of Management
Downloads 301 (194,725)
Citation 2

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Default, Incomplete Markets, Adverse Selection, Moral Hazard, Equilibrium Refinement, Endogenous Assets

Default and Punishment in General Equilibrium

Number of pages: 39 Posted: 16 Aug 2004
Pradeep K. Dubey, John Geanakoplos and Martin Shubik
SUNY Stony Brook - Center for Game Theory in Economics, Yale University and Yale University - School of Management
Downloads 147 (382,434)
Citation 36

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Default, Incomplete markets, Adverse selection, Moral hazard, Equilibrium refinement, Endogenous assets

Default and Punishment in General Equilibrium

Number of pages: 36 Posted: 08 Dec 2003
Pradeep K. Dubey, John Geanakoplos and Martin Shubik
SUNY Stony Brook - Center for Game Theory in Economics, Yale University and Yale University - School of Management
Downloads 142 (393,328)
Citation 1

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Default, incomplete markets, adverse selection, moral hazard, equilibrium refinement, endogenous assets

10.

Control of Dividends, Capital Subscriptions, and Physical Inventories

Number of pages: 32 Posted: 08 Apr 2005
Lode Li, Martin Shubik and Matthew J. Sobel
Yale School of Management, Yale University - School of Management and Case Western Reserve University
Downloads 514 (107,187)
Citation 29

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Dividends, Capital Subscription, Loans, Inventory, Default Penalty, Bankruptcy

11.

Money and the Monetization of Credit

Number of pages: 23 Posted: 14 Jan 2002
Martin Shubik
Yale University - School of Management
Downloads 427 (133,471)

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Credit, Fiat Money, Networks, Trust, Velocity

12.

Gold, Fiat and Credit. An Elementary Discussion of Commodity Money, Fiat Money and Credit

Number of pages: 48 Posted: 20 May 2004
Thomas Quint and Martin Shubik
University of Nevada-Reno, Department of Mathematics and Yale University - School of Management
Downloads 390 (148,162)

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Barley, gold, fiat and credit: evolution of money

13.

The Theory of Money and Financial Institutions: A Summary of a Game Theoretic Approach

Cowles Foundation Discussion Paper No. 1572
Number of pages: 22 Posted: 20 Jul 2006
Martin Shubik
Yale University - School of Management
Downloads 360 (161,904)

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Money, Prices, Core, Threat, Market game, Strategic market game

14.

Terrorism Damage Exchange Rates: Quantifying Defender Disadvantage

25 Defense and Security Analysis 7 (2009)
Number of pages: 19 Posted: 24 Jan 2007 Last Revised: 17 Jun 2013
Martin Shubik and Aaron Zelinsky
Yale University - School of Management and University of Maryland Francis Carey School of Law
Downloads 331 (177,319)
Citation 2

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terrorism funding, damage exchange rate

15.

A Double Auction Market: Teaching, Experiment and Theory

Number of pages: 22 Posted: 04 Dec 2003
Martin Shubik
Yale University - School of Management
Downloads 326 (180,239)

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Double auctions, experimental games, allocation games, noncooperative equilibria

16.

Terrorism, Reality and Everyday Life

Number of pages: 24 Posted: 24 Jan 2007
Martin Shubik, Aaron Zelinsky and Lazar Krstic
Yale University - School of Management, University of Maryland Francis Carey School of Law and Yale University
Downloads 283 (209,083)

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terrorist organizations, post-attack recovery

17.

A Credit Mechanism for Selecting a Unique Competitive Equilibrium

Downloads 283 (209,083)
Citation 2

A Credit Mechanism for Selecting a Unique Competitive Equilibrium

Cowles Foundation Discussion Paper No. 1539
Number of pages: 13 Posted: 04 Nov 2005
Cheng-Zhong Qin and Martin Shubik
University of California, Santa Barbara (UCSB) - Department of Economics and Yale University - School of Management
Downloads 84 (576,780)
Citation 2

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Banknotes, competitive equilibrium, credit line, Lagrangian multiplier, IOU, welfare economics

A Credit Mechanism for Selecting a Unique Competitive Equilibrium

Cowles Foundation Discussion Paper No. 1539R2
Number of pages: 22 Posted: 10 Dec 2006
Cheng-Zhong Qin and Martin Shubik
University of California, Santa Barbara (UCSB) - Department of Economics and Yale University - School of Management
Downloads 80 (594,289)

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Competitive equilibrium, Credit mechanism, Marginal utility of income, IOU, Default penalty, Welfare economics

A Credit Mechanism for Selecting a Unique Competitive Equilibrium

Cowles Foundation Discussion Paper No. 1539RR
Number of pages: 20 Posted: 13 Mar 2006
Cheng-Zhong Qin and Martin Shubik
University of California, Santa Barbara (UCSB) - Department of Economics and Yale University - School of Management
Downloads 66 (662,481)

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Competitive equilibrium, Credit mechanism, Marginal utility of income, IOU, Default penalty, Welfare economics

A Credit Mechanism for Selecting a Unique Competitive Equilibrium

Cowles Foundation Discussion Paper No. 1539R
Number of pages: 16 Posted: 12 Jan 2006
Cheng-Zhong Qin and Martin Shubik
University of California, Santa Barbara (UCSB) - Department of Economics and Yale University - School of Management
Downloads 53 (737,617)

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Competitive equilibrium, credit line, marginal utility of income, IOU, welfare economics

18.

Macro-Modelling, Default and Money

Saïd Business School WP 2016-18
Number of pages: 38 Posted: 03 Jun 2016
Charles Goodhart, Nikolaos Romanidis, Dimitrios P. Tsomocos and Martin Shubik
London School of Economics & Political Science (LSE) - Financial Markets Group, University of Oxford - Said Business School, University of Oxford - Said Business School and St. Edmund Hall and Yale University - School of Management
Downloads 273 (217,002)
Citation 9

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Default, Money, Financial Intermediation, Liquidity, Modelling

19.

The Edgeworth, Cournot and Walrasian Cores

Number of pages: 11 Posted: 04 Nov 2003
Martin Shubik
Yale University - School of Management
Downloads 243 (243,418)

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Market game, strategic market game, exchange economy, core, characteristic function

20.

Three Minimal Market Institutions with Human and Algorithmic Agents: Theory and Experimental Evidence

Downloads 239 (247,459)
Citation 28

Three Minimal Market Institutions with Human and Algorithmic Agents: Theory and Experimental Evidence

Cowles Foundation Discussion Paper No. 1623, Yale Economics Department Working Paper No. 27
Number of pages: 57 Posted: 04 Sep 2007 Last Revised: 24 Mar 2010
Juergen Huber, Martin Shubik and Shyam Sunder
University of Innsbruck, Yale University - School of Management and Yale University - School of Management
Downloads 156 (363,965)
Citation 7

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Strategic market games, Laboratory experiments, Minimally intelligent agents, Adaptive learning agents, General equilibrium

Three Minimal Market Institutions with Human and Algorithmic Agents: Theory and Experimental Evidence

Cowles Foundation Discussion Paper No. 1623R
Number of pages: 53 Posted: 28 Jan 2010
Juergen Huber, Martin Shubik and Shyam Sunder
University of Innsbruck, Yale University - School of Management and Yale University - School of Management
Downloads 83 (581,070)
Citation 1

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Strategic Market Games, Laboratory Experiments, Minimally Intelligent Agents, Adaptive Learning Agents, General Equilibrium

Three Minimal Market Institutions with Human and Algorithmic Agents: Theory and Experimental Evidence

Games and Economic Behavior, Vol. 70, No. 2, 2010, Cowles Foundation Discussion Paper, Yale SOM Working Paper
Posted: 12 Feb 2011
Juergen Huber, Martin Shubik and Shyam Sunder
University of Innsbruck, Yale University - School of Management and Yale University - School of Management

Abstract:

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Strategic Market Games, Laboratory Experiments, Minimally Intelligent Agents, Adaptive Learning Agents, General Equilibrium

21.

An Economy with Personal Currency: Theory and Experimental Evidence

Downloads 229 (257,861)
Citation 1

An Economy with Personal Currency: Theory and Experimental Evidence

Cowles Foundation Discussion Paper No. 1622, Yale Economics Department Working Paper No. 26
Number of pages: 44 Posted: 24 Aug 2007 Last Revised: 25 Mar 2010
Martin Angerer, Juergen Huber, Martin Shubik and Shyam Sunder
Hochschule Liechtenstein, University of Innsbruck, Yale University - School of Management and Yale University - School of Management
Downloads 229 (256,784)
Citation 1

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Strategic market games, government and individual money, efficiency, experimental gaming

An Economy with Personal Currency: Theory and Experimental Evidence

Annals of Finance, Vol. 6, No. 4, pp. 475-509, 2010
Posted: 09 Feb 2011
Martin Angerer, Juergen Huber, Martin Shubik and Shyam Sunder
Hochschule Liechtenstein, University of Innsbruck, Yale University - School of Management and Yale University - School of Management

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Strategic market games, Government and individual money, Efficiency, Experimental gaming

22.

The Harmonic Fisher Equation and the Inflationary Bias of Real Uncertainty

Number of pages: 28 Posted: 10 Jun 2003
Ioannis Karatzas, Martin Shubik, William D. Sudderth and John Geanakoplos
Columbia University - Department of Statistics, Yale University - School of Management, University of Minnesota and Yale University
Downloads 209 (280,913)
Citation 3

Abstract:

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Inflation, Equilibrium, Control, Interest Rate, Central Bank, Harmonic Fisher Equation

23.

Simecs, Ithaca Hours, Berkshares, Bitcoins and Walmarts

Cowles Foundation Discussion Paper No. 1947
Number of pages: 14 Posted: 14 May 2014
Martin Shubik
Yale University - School of Management
Downloads 207 (283,394)
Citation 1

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money, fiat, virtual currencies

24.

A Note on a 'Square-Root Rule' for Reinsurance

Cowles Foundation Discussion Paper No. 1521
Number of pages: 9 Posted: 20 Jul 2005
Michael R. Powers and Martin Shubik
Independent and Yale University - School of Management
Downloads 205 (285,989)
Citation 1

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Primary insurance, reinsurance, market size, square-root rule

25.

Financing of Public Goods Through Taxation in a General Equilibrium Economy: Theory and Experimental Evidence

Cowles Foundation Discussion Paper No. 1830
Number of pages: 36 Posted: 28 Oct 2011
Juergen Huber, Martin Shubik and Shyam Sunder
University of Innsbruck, Yale University - School of Management and Yale University - School of Management
Downloads 199 (293,794)
Citation 1

Abstract:

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Public goods, Experimental gaming, Voting, taxation, Evolution of institutions

26.

A Computational Analysis of the Core of a Trading Economy with Three Competitive Equilibria and a Finite Number of Traders

Number of pages: 25 Posted: 12 Sep 2001
Martin Shubik and Alok Kumar
Yale University - School of Management and University of Miami - Miami Herbert Business School
Downloads 194 (300,719)

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Core, Multiple competitive equilibria, Speed of convergence, Sensitivity Analysis.

27.

On Local and Network Games

Number of pages: 24 Posted: 17 Apr 2003
Thomas Quint and Martin Shubik
University of Nevada-Reno, Department of Mathematics and Yale University - School of Management
Downloads 192 (303,496)

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Local Games, Network Games, Advertising

28.

Who Gets What, When, How? Power, Organization, Markets, Money and the Allocation of Resources

Cowles Foundation Discussion Paper No. 2118, Yale ICF Working Paper No. 2018-02
Number of pages: 144 Posted: 17 Jan 2018 Last Revised: 02 Aug 2019
Martin Shubik
Yale University - School of Management
Downloads 188 (309,309)

Abstract:

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Evolution of money, Coordination, Division of labor

29.

A Strategic Market Game with Seigniorage Costs of Fiay Money

Downloads 183 (316,772)

A Strategic Market Game with Seigniorage Costs of Fiay Money

Yale, Cowles Foundation Discussion Paper No. 1043
Number of pages: 16 Posted: 15 Jan 2002
Martin Shubik and Dimitrios P. Tsomocos
Yale University - School of Management and University of Oxford - Said Business School and St. Edmund Hall
Downloads 183 (316,291)

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Strategic market games, seigniorage costs, inefficiency

A Strategic Market Game with Seigniorage Costs of Fiay Money

Posted: 18 Jan 2002
Martin Shubik and Dimitrios P. Tsomocos
Yale University - School of Management and University of Oxford - Said Business School and St. Edmund Hall

Abstract:

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Strategic market games, seigniorage costs, inefficiency

30.

What is a Solution to a Matrix Game

Downloads 179 (323,208)

What is a Solution to a Matrix Game

Cowles Foundation Discussion Paper No. 1866
Number of pages: 75 Posted: 12 Jul 2012 Last Revised: 20 Jul 2012
Martin Shubik
Yale University - School of Management
Downloads 103 (504,013)

Abstract:

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Matrix games, Solution concepts, Experimental gaming

What is a Solution to a Matrix Game

Cowles Foundation Discussion Paper No. 1866R
Number of pages: 75 Posted: 19 Feb 2013
Martin Shubik
Yale University - School of Management
Downloads 76 (612,496)

Abstract:

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Matrix games, solution concepts, experimental gaming

31.

A Consumable Money. An Elementary Discussion of Commodity Money, Fiat Money and Credit: Part 1

Number of pages: 39 Posted: 20 Apr 2004
Thomas Quint and Martin Shubik
University of Nevada-Reno, Department of Mathematics and Yale University - School of Management
Downloads 176 (328,105)

Abstract:

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Barley, gold, fiat and credit, evolution of money

32.

Three Essays on the Theory of Money and Financial Institutions Essay 2: The Exchange Economy, Money, and Markets

Cowles Foundation Discussion Paper No. 2055
Number of pages: 25 Posted: 30 Nov 2016
Martin Shubik
Yale University - School of Management
Downloads 171 (336,582)

Abstract:

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Process Models, Disequilibrium, Minimal Institutions, Money, Playable Games

33.

Mathematical Institutional Economics

Cowles Foundation Discussion Paper No. 1882
Number of pages: 27 Posted: 12 Dec 2012 Last Revised: 17 Dec 2012
Martin Shubik
Yale University - School of Management
Downloads 167 (343,519)
Citation 1

Abstract:

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34.

Financing of Public Goods Through Taxation in a General Equilibrium Economy: Experimental Evidence

Downloads 166 (345,344)

Financing of Public Goods Through Taxation in a General Equilibrium Economy: Experimental Evidence

Cowles Foundation Discussion Paper No. 1830R
Number of pages: 40 Posted: 18 Apr 2013
Juergen Huber, Martin Shubik and Shyam Sunder
University of Innsbruck, Yale University - School of Management and Yale University - School of Management
Downloads 83 (581,070)

Abstract:

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Public goods, Experiment, Voting, Taxation, Evolution of institutions

Financing of Public Goods through Taxation in a General Equilibrium Economy: Experimental Evidence

Cowles Foundation Discussion Paper No. 1830R3
Number of pages: 51 Posted: 03 Jun 2017
Juergen Huber, Martin Shubik and Shyam Sunder
University of Innsbruck, Yale University - School of Management and Yale University - School of Management
Downloads 83 (581,070)

Abstract:

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Public goods, Experiment, Voting, Taxation, Evolution of institutions

35.

Inflationary Bias in a Simple Stochastic Economy

Number of pages: 26 Posted: 07 Nov 2001
Ioannis Karatzas, Martin Shubik, William D. Sudderth and John Geanakoplos
Columbia University - Department of Statistics, Yale University - School of Management, University of Minnesota and Yale University
Downloads 160 (356,252)

Abstract:

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Inflation, Strategic Market Game, Control, Interest Rate, Central Bank, Equilibrium

36.

The Paradox of Competition: Power, Markets, and Money - Who Gets What, When, How?

Cowles Foundation Discussion Paper No. 2118R, Yale ICF Working Paper No. 2018-07
Number of pages: 163 Posted: 26 Mar 2018
Martin Shubik
Yale University - School of Management
Downloads 158 (360,015)

Abstract:

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Evolution of money, Coordination, Division of labor

37.

A Note on Fairness, Power, Property, and Behind the Veil

Cowles Foundation Discussion Paper No. 1593
Number of pages: 3 Posted: 10 Dec 2006
Martin Shubik
Yale University - School of Management
Downloads 151 (373,761)

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General equilibrium theory, Uniqueness of equilbirium, Default

38.

Structure, Clearinghouses and Symmetry

Number of pages: 25 Posted: 04 Jun 2003
Martin Shubik and Eric Smith
Yale University - School of Management and Santa Fe Institute - Economics
Downloads 147 (382,006)

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Strategic Market Games, Clearinghouses, Credit Evaluation, Default

39.

Innovation and Equilibrium?

Cowles Foundation Discussion Paper No. 1674
Number of pages: 17 Posted: 15 Sep 2008
Martin Shubik
Yale University - School of Management
Downloads 146 (384,091)

Abstract:

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Innovation, Invention, Circular flow, Finance

40.

The Demonetization of Gold: Transactions and the Change in Control

Cowles Foundation Discussion Paper No. 1814
Number of pages: 49 Posted: 01 Aug 2011
Thomas Quint and Martin Shubik
University of Nevada-Reno, Department of Mathematics and Yale University - School of Management
Downloads 142 (392,662)

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Gold demonetization, Gold backed paper, Reserves

41.

Strategic Freedom, Constraint, and Symmetry in One-Period Markets with Cash and Credit Payment

Number of pages: 27 Posted: 04 Jun 2003
Martin Shubik and Eric Smith
Yale University - School of Management and Santa Fe Institute - Economics
Downloads 138 (401,589)

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Strategic Market Games, Clearinghouses, Credit Evaluation, Default

42.

Variations on the Theme of Scarf's Counter-Example

Number of pages: 23 Posted: 30 Nov 2001
Martin Shubik and Alok Kumar
Yale University - School of Management and University of Miami - Miami Herbert Business School
Downloads 138 (401,589)
Citation 3

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Scarf's counter-example, Price adjustment mechanism, Feedback Controller, Multiple competitive equilibria, Stability

43.

Three Lectures on the Theory of Money and Financial Institutions: Lecture 1: A Nontechnical Overview

Cowles Foundation Discussion Paper No. 2036
Number of pages: 18 Posted: 21 Apr 2016 Last Revised: 21 May 2016
Martin Shubik
Yale University - School of Management
Downloads 137 (403,805)
Citation 1

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Bankruptcy, Innovation, Growth, Competition, Price-formation

44.

A Web Gaming Facility for Research and Teaching

Downloads 135 (408,535)
Citation 1

A Web Gaming Facility for Research and Teaching

Cowles Foundation Discussion Paper No. 1860
Number of pages: 31 Posted: 04 Feb 2020
Martin Shubik
Yale University - School of Management
Downloads 87 (564,235)
Citation 1

Abstract:

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Matrix games, Experimental, Teaching and computerized games

A Web Gaming Facility for Research and Teaching

Cowles Foundation Discussion Paper No. 1860R
Number of pages: 31 Posted: 06 Jun 2013
Martin Shubik
Yale University - School of Management
Downloads 48 (770,897)

Abstract:

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Matrix games, Experimental, Teaching and computerized games

45.

Default Penalty as a Disciplinary and Selection Mechanism in Presence of Multiple Equilibria

Cowles Foundation Discussion Paper No. 1730
Number of pages: 44 Posted: 09 Oct 2009 Last Revised: 27 Feb 2011
Juergen Huber, Martin Shubik and Shyam Sunder
University of Innsbruck, Yale University - School of Management and Yale University - School of Management
Downloads 135 (408,535)
Citation 3

Abstract:

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bankruptcy penalty, financial institutions, Fiat money, multiple equilibria, experimental gaming

46.

Default Penalty as a Selection Mechanism Among Multiple Equilibria

Downloads 134 (410,979)

Default Penalty as a Selection Mechanism Among Multiple Equilibria

Cowles Foundation Discussion Paper No. 1730R
Number of pages: 38 Posted: 24 Feb 2011 Last Revised: 13 Dec 2012
Juergen Huber, Martin Shubik and Shyam Sunder
University of Innsbruck, Yale University - School of Management and Yale University - School of Management
Downloads 89 (556,119)

Abstract:

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Bankruptcy Penalty, Financial Institutions, Fiat Money, Multiple Mquilibria, Experimental Gaming

Default Penalty as a Selection Mechanism Among Multiple Equilibria

Cowles Foundation Discussion Paper No. 1883
Number of pages: 38 Posted: 12 Dec 2012
Juergen Huber, Martin Shubik and Shyam Sunder
University of Innsbruck, Yale University - School of Management and Yale University - School of Management
Downloads 45 (792,212)

Abstract:

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Bankruptcy penalty, Financial institutions, Fiat money, Multiple equilibria, Experimental gaming

47.

Its Not Just a Game!!

Number of pages: 25 Posted: 05 Sep 2008
Martin Shubik
Yale University - School of Management
Downloads 132 (415,839)
Citation 1

Abstract:

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48.

Commodity Money and the Valuation of Trade

Number of pages: 19 Posted: 29 Apr 2005
Eric Smith and Martin Shubik
Santa Fe Institute - Economics and Yale University - School of Management
Downloads 132 (415,839)

Abstract:

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Bureaucracy, contract enforcement, taxes, money

49.

Three Essays on the Theory of Money and Financial Institutions: Essay 1: A Nontechnical Overview

Cowles Foundation Discussion Paper No. 2036R
Number of pages: 18 Posted: 30 Nov 2016
Martin Shubik
Yale University - School of Management
Downloads 130 (420,762)

Abstract:

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Bankruptcy, Innovation, Growth, Competition, Price-formation

50.

The Value of Fiat Money with an Outside Bank: An Experimental Game

Cowles Foundation Discussion Paper No. 1675
Number of pages: 46 Posted: 30 Sep 2008 Last Revised: 27 Apr 2010
Juergen Huber, Martin Shubik and Shyam Sunder
University of Innsbruck, Yale University - School of Management and Yale University - School of Management
Downloads 122 (441,718)

Abstract:

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Experimental Gaming, Bank, Fiat money

51.

Expected Worth for 2 × 2 Matrix Games with Variable Grid Sizes

Downloads 120 (447,130)
Citation 1

Expected Worth for 2 × 2 Matrix Games with Variable Grid Sizes

Cowles Foundation Discussion Paper No. 2039
Number of pages: 65 Posted: 21 May 2016
Michael R. Powers, Martin Shubik and Wen Wang
Independent, Yale University - School of Management and affiliation not provided to SSRN
Downloads 62 (684,324)

Abstract:

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2 × 2 matrix games, efficiency, coordination, worth of coordination

Expected Worth for 2 × 2 Matrix Games with Variable Grid Sizes

Cowles Foundation Discussion Paper No. 2039R
Number of pages: 50 Posted: 26 Oct 2016
Michael R. Powers, Martin Shubik and Wen Wang
Independent, Yale University - School of Management and affiliation not provided to SSRN
Downloads 58 (707,189)
Citation 1

Abstract:

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2 × 2 matrix games, efficiency, coordination, worth of coordination

52.

Three Essays on the Theory of Money and Financial Institutions Essay 3: The Economy with Innovation, Externalities and Context

Cowles Foundation Discussion Paper No. 2067
Number of pages: 22 Posted: 06 Jan 2017
Martin Shubik
Yale University - School of Management
Downloads 119 (449,915)

Abstract:

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Schumpeter, Keynes, Aggregation, Information, Disequilibrium, Minimal Institutions, Innovation, Playable Games

53.

El Farol Revisited: A Note on Emergence, Game Theory and Society

Cowles Foundation Discussion Paper No. 1733
Number of pages: 5 Posted: 19 Oct 2009
Martin Shubik
Yale University - School of Management
Downloads 119 (452,753)
Citation 1

Abstract:

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random search context

54.

Fiat Money and the Natural Scale of Government

Number of pages: 35 Posted: 29 Apr 2005
Martin Shubik and Eric Smith
Yale University - School of Management and Santa Fe Institute - Economics
Downloads 118 (452,753)
Citation 2

Abstract:

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Bureaucracy, contract enforcement, taxes, money

55.

Sufficiency of an Outside Bank and a Default Penalty to Support the Value of Fiat Money: Experimental Evidence

Downloads 113 (467,813)
Citation 3

Sufficiency of an Outside Bank and a Default Penalty to Support the Value of Fiat Money: Experimental Evidence

Cowles Foundation Discussion Paper No. 1675RR
Number of pages: 59 Posted: 16 Jul 2014
Juergen Huber, Martin Shubik and Shyam Sunder
University of Innsbruck, Yale University - School of Management and Yale University - School of Management
Downloads 57 (712,920)
Citation 1

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Experimental gaming, Bank, Fiat money, Outside bank, General equilibrium

Sufficiency of an Outside Bank and a Default Penalty to Support the Value of Fiat Money: Experimental Evidence

Cowles Foundation Discussion Paper No. 1675R
Number of pages: 48 Posted: 03 Jul 2013
Juergen Huber, Martin Shubik and Shyam Sunder
University of Innsbruck, Yale University - School of Management and Yale University - School of Management
Downloads 56 (719,004)
Citation 1

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Experimental gaming, Bank, Fiat money, Outside bank, General equilibrium

56.

Cost Innovation: Schumpeter and Equilibrium - Part 1: Robinson Crusoe

Cowles Foundation Discussion Paper No. 1786
Number of pages: 31 Posted: 06 Mar 2011 Last Revised: 26 Aug 2011
Martin Shubik and William D. Sudderth
Yale University - School of Management and University of Minnesota
Downloads 111 (474,098)
Citation 7

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Cost innovation, Schumpeter, Circular flow, Strategic market games

57.

Runs, Panics and Bubbles: Diamond Dybvig and Morris Shin Reconsidered

Cowles Foundation Discussion Paper No. 1869
Number of pages: 29 Posted: 25 Aug 2012
Eric Smith and Martin Shubik
Santa Fe Institute - Economics and Yale University - School of Management
Downloads 106 (490,000)

Abstract:

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Multiple equilibria, Runs, Replicator dynamics, Sensitivity analysis

58.

Financial Control of a Competitive Economy without Randomness

Cowles Foundation Discussion Paper No. 1681
Number of pages: 32 Posted: 30 Oct 2008
Ioannis Karatzas, Martin Shubik and William D. Sudderth
Columbia University - Department of Statistics, Yale University - School of Management and University of Minnesota
Downloads 103 (500,248)

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Dynamic programming, Public goods, Bureaucracy, Taxation

59.

Cost Innovation: Schumpeter and Equilibrium; Part 2: Innovation and the Money Supply

Cowles Foundation Discussion Paper No. 1881
Number of pages: 42 Posted: 13 Dec 2012
Martin Shubik and William D. Sudderth
Yale University - School of Management and University of Minnesota
Downloads 81 (582,289)
Citation 8

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cost innovation, financial control, circular flow

60.

Inflationary Equilibrium in a Stochastic Economy with Independent Agents

Cowles Foundation Discussion Paper No. 1708
Number of pages: 31 Posted: 18 Jun 2009 Last Revised: 15 Jul 2009
John Geanakoplos, Ioannis Karatzas, Martin Shubik and William D. Sudderth
Yale University, Columbia University - Department of Statistics, Yale University - School of Management and University of Minnesota
Downloads 77 (599,373)
Citation 2

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Inflation, Economic equilibrium and dynamics, Dynamic programming, Consumption

61.

Absenteeism, Substitutes, and Complements in Simple Games

Number of pages: 19 Posted: 22 Mar 2004
Thomas Quint and Martin Shubik
University of Nevada-Reno, Department of Mathematics and Yale University - School of Management
Downloads 77 (599,373)

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Simple game, Shapley-Shubik power index, absenteeism, multilinear extension, balanced contributions, substitute, complement

62.

The Financing of a Public Utility

Cowles Foundation Discussion Paper No. 1863
Number of pages: 84 Posted: 06 Jun 2012
Eric Smith and Martin Shubik
Santa Fe Institute - Economics and Yale University - School of Management
Downloads 75 (608,334)

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Capital stock, Time scales, Fiat, Gold, Joint product

63.

Apologia Pro Vita Sua:The Vanishing of the White Whale in the Mists

Cowles Foundation Discussion Paper No. 2138, Yale ICF Working Paper No. 2018-15
Number of pages: 8 Posted: 02 Aug 2018
Martin Shubik
Yale University - School of Management
Downloads 73 (617,462)

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Game Theory, Money, Financial Institutions

64.

Public Goods Through Taxation in a General Equilibrium Economy: Experimental Evidence

Cowles Foundation Discussion Paper No. 1830RR
Number of pages: 53 Posted: 14 Jul 2015
Juergen Huber, Martin Shubik and Shyam Sunder
University of Innsbruck, Yale University - School of Management and Yale University - School of Management
Downloads 73 (617,462)

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Public goods, Experiment, Voting, Taxation, Evolution of institutions

65.

Money as Minimal Complexity

Cowles Foundation Discussion Paper No. 1990
Number of pages: 31 Posted: 21 Feb 2015
Pradeep K. Dubey, Siddhartha Sahi and Martin Shubik
SUNY Stony Brook - Center for Game Theory in Economics, Rutgers, The State University of New Jersey - New Brunswick/Piscataway and Yale University - School of Management
Downloads 73 (617,462)

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Exchange mechanism, Minimal complexity, Prices, money

66.

Minimally Complex Exchange Mechanisms: Emergence of Prices, Markets, and Money

Cowles Foundation Discussion Paper No. 1945
Number of pages: 44 Posted: 10 Apr 2014
Pradeep K. Dubey, Siddhartha Sahi and Martin Shubik
SUNY Stony Brook - Center for Game Theory in Economics, Rutgers, The State University of New Jersey - New Brunswick/Piscataway and Yale University - School of Management
Downloads 69 (636,348)
Citation 9

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Exchange mechanism, Minimal complexity, Prices, Markets, Money

67.

Varying the Money Supply of Commercial Banks

Cowles Foundation Discussion Paper No. 1939
Number of pages: 71 Posted: 14 Mar 2014
Martin Shubik and Eric Smith
Yale University - School of Management and Santa Fe Institute - Economics
Downloads 69 (636,348)
Citation 1

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Commercial banking, Continuous time, Money supply

68.

Cooperative and Noncooperative Solutions, and the 'Game within a Game'

Cowles Foundation Discussion Paper No. 2053
Number of pages: 35 Posted: 17 Oct 2016
Martin Shubik and Michael R. Powers
Yale University - School of Management and Independent
Downloads 68 (641,286)

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2 2 matrix games

69.

The Best and Worst of All Possible Worlds: Some Crude Evaluations

Cowles Foundation Discussion Paper No. 2093
Number of pages: 24 Posted: 30 Jun 2017
Martin Shubik and Michael R. Powers
Yale University - School of Management and Independent
Downloads 61 (677,035)

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2x2 matrix games, Index

70.

Marshallian Money, Welfare and Side-Payments

Cowles Foundation Discussion Paper No. 1729
Number of pages: 27 Posted: 28 Sep 2009
Cheng-Zhong Qin, Lloyd S. Shapley and Martin Shubik
University of California, Santa Barbara (UCSB) - Department of Economics, University of California at Los Angeles and Yale University - School of Management
Downloads 61 (677,035)

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delta-core, enough money, market games

71.

Selecting a Unique Competitive Equilibrium with Default Penalties

Cowles Foundation Discussion Paper No. 1712
Number of pages: 21 Posted: 17 Jul 2009
Cheng-Zhong Qin and Martin Shubik
University of California, Santa Barbara (UCSB) - Department of Economics and Yale University - School of Management
Downloads 58 (693,240)

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competitive equilibrium, credit mechanism, marginal utility of income, welfare economics

72.

Default Penalty As a Selection Mechanism Among Multiple Equilibria

Downloads 50 (740,546)

Default Penalty As a Selection Mechanism Among Multiple Equilibria

Cowles Foundation Discussion Paper No. 1730R2
Number of pages: 42 Posted: 03 Jun 2017
Juergen Huber, Martin Shubik and Shyam Sunder
University of Innsbruck, Yale University - School of Management and Yale University - School of Management
Downloads 50 (757,413)

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Bankruptcy penalty, Financial institutions, Fiat money, Multiple equilibria, Experimental gaming

73.

Default, Efficiency and Uniqueness

Cowles Foundation Discussion Paper No. 2095
Number of pages: 40 Posted: 12 Jul 2017
Cheng-Zhong Qin, Thomas Quint and Martin Shubik
University of California, Santa Barbara (UCSB) - Department of Economics, University of Nevada-Reno, Department of Mathematics and Yale University - School of Management
Downloads 40 (808,945)

Abstract:

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General Equilibrium, Strategic Market Games, Uniqueness, Aggregation, Information, Disequilibrium, Minimal Institutions, Playable Games