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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Scholarly Papers (73)

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1.

Accounting and Economic Theory

Yale SOM Working Paper No. AC-16
Number of pages: 16 Posted: 21 Jan 2003
Martin Shubik
Yale University - School of Management
Downloads 3,169 (3,257)
Citation 2

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2.

Game Theory: Some Observations

Yale SOM Working Paper No. ES-01
Number of pages: 7 Posted: 29 Jan 2001
Martin Shubik
Yale University - School of Management
Downloads 3,143 (3,313)

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Game Theory, Gaming, Simulation, Evolutionary Game Theory

3.

Game Theory and Operations Research: Some Musings 50 Years Later

Yale SOM Working Paper No. ES-14
Number of pages: 12 Posted: 22 Jun 2001
Martin Shubik
Yale University - School of Management
Downloads 1,778 (8,663)
Citation 9

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4.

Dealers in Art

Yale SOM Working Paper No. ES-17
Number of pages: 10 Posted: 09 Jan 2002
Martin Shubik
Yale University - School of Management
Downloads 815 (28,611)

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Art Dealers, Pricing, Market Size

5.

Risk, Public Perception and Education: Quantitative and Qualitative Risk

Yale SOM Working Paper No. ES-09
Number of pages: 8 Posted: 05 Jun 2001
Martin Shubik
Yale University - School of Management
Downloads 715 (34,202)

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6.

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 626 (40,881)

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7.

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

Downloads 602 ( 43,108)

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

Yale SOM Working Paper No. ES-22; Columbia Law and Economics Working Paper No. 217; Cowles Foundation Discussion Paper No. 1413
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 602 (42,516)
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

Tax Law Review, Vol. 57, No. 2, 2004
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

8.

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 491 (55,886)
Citation 1

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

9.

Default and Punishment in General Equilibrium

Downloads 482 ( 57,232)
Citation 40

Default and Punishment in General Equilibrium

Cowles Foundation Discussion Paper No. 1304RRR
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 - Cowles Foundation and Yale University - School of Management
Downloads 253 (118,721)

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

Default and Punishment in General Equilibrium

Cowles Foundation Discussion Paper No. 1304RRRR
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 - Cowles Foundation and Yale University - School of Management
Downloads 115 (238,695)

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

Default and Punishment in General Equilibrium

Cowles Foundation Discussion Paper No. 1304RRRRR
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 - Cowles Foundation and Yale University - School of Management
Downloads 114 (240,215)
Citation 96

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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 Weatherhead School of Management, Case Western Reserve University
Downloads 467 (59,530)
Citation 22

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

11.

Money and the Monetization of Credit

Cowles Foundation Discussion Paper No. 1343
Number of pages: 23 Posted: 14 Jan 2002
Martin Shubik
Yale University - School of Management
Downloads 384 (75,321)

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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

Cowles Foundation Discussion Paper No. 1460
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 339 (87,030)

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Barley, gold, fiat and credit: evolution of money

13.

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 307 (97,069)
Citation 1

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terrorism funding, damage exchange rate

14.

A Double Auction Market: Teaching, Experiment and Theory

Cowles Foundation Discussion Paper No. 1443
Number of pages: 22 Posted: 04 Dec 2003
Martin Shubik
Yale University - School of Management
Downloads 293 (102,072)

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Double auctions, experimental games, allocation games, noncooperative equilibria

15.

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 260 (115,846)
Citation 10

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

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 253 (119,253)

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terrorist organizations, post-attack recovery

17.

The Edgeworth, Cournot and Walrasian Cores

Cowles Foundation Discussion Paper No. 1439
Number of pages: 11 Posted: 04 Nov 2003
Martin Shubik
Yale University - School of Management
Downloads 206 (145,742)
Citation 1

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

18.

A Strategic Market Game with Seigniorage Costs of Fiay Money

Downloads 181 (164,214)

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 181 (164,233)
Citation 3

Abstract:

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Strategic market games, seigniorage costs, inefficiency

A Strategic Market Game with Seigniorage Costs of Fiay Money

Economic Theory, Forthcoming
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

19.

The Harmonic Fisher Equation and the Inflationary Bias of Real Uncertainty

Cowles Foundation Discussion Paper No. 1424
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 - Cowles Foundation
Downloads 179 (165,873)
Citation 10

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

20.

An Economy with Personal Currency: Theory and Experimental Evidence

Downloads 176 (168,374)
Citation 5

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 176 (168,437)
Citation 5

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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

21.

A Credit Mechanism for Selecting a Unique Competitive Equilibrium

Downloads 172 (171,834)
Citation 3

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 52 (382,966)
Citation 3

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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 49 (393,328)

Abstract:

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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 42 (419,735)

Abstract:

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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 29 (478,630)

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

22.

On Local and Network Games

Cowles Foundation Discussion Paper No. 1414
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 170 (173,631)

Abstract:

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Local Games, Network Games, Advertising

23.

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 159 (183,865)

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

24.

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

Downloads 151 (191,999)
Citation 26

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 104 (256,505)
Citation 16

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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 47 (400,633)
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

25.

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

Cowles Foundation Discussion Paper No. 1455
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 151 (191,999)

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Barley, gold, fiat and credit, evolution of money

26.

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 149 (194,137)
Citation 5

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Default, Money, Financial Intermediation, Liquidity, Modelling

27.

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 147 (196,230)
Citation 1

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

28.

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

Cowles Foundation Discussion Paper No. 1290; Yale ICF Working Paper No. 00-53
Number of pages: 25 Posted: 12 Sep 2001
Martin Shubik and Alok Kumar
Yale University - School of Management and University of Miami - School of Business Administration
Downloads 143 (200,683)

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

29.

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 136 (208,945)
Citation 2

Abstract:

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money, fiat, virtual currencies

30.

Inflationary Bias in a Simple Stochastic Economy

Cowles Foundation Discussion Paper No. 1333
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 - Cowles Foundation
Downloads 133 (212,715)

Abstract:

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

31.

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 131 (215,370)
Citation 2

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General equilibrium theory, Uniqueness of equilbirium, Default

32.

Structure, Clearinghouses and Symmetry

Cowles Foundation Discussion Paper No. 1419
Number of pages: 25 Posted: 04 Jun 2003
Martin Shubik and Eric Smith
Yale University - School of Management and Santa Fe Institute - Economics
Downloads 122 (227,296)

Abstract:

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Strategic Market Games, Clearinghouses, Credit Evaluation, Default

33.

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 118 (233,059)

Abstract:

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Innovation, Invention, Circular flow, Finance

34.

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 109 (246,741)
Citation 1

Abstract:

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Bankruptcy, Innovation, Growth, Competition, Price-formation

35.

What is a Solution to a Matrix Game

Downloads 109 (246,741)
Citation 1

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 65 (342,526)

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 44 (411,857)
Citation 1

Abstract:

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Matrix games, solution concepts, experimental gaming

36.

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 109 (246,741)

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Gold demonetization, Gold backed paper, Reserves

37.

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 105 (253,313)
Citation 1

Abstract:

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38.

Its Not Just a Game!!

Number of pages: 25 Posted: 05 Sep 2008
Martin Shubik
Yale University - School of Management
Downloads 99 (263,556)

Abstract:

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39.

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 - School of Business Administration
Downloads 98 (265,337)
Citation 7

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

40.

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 88 (284,227)

Abstract:

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Bankruptcy, Innovation, Growth, Competition, Price-formation

41.

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

Cowles Foundation Discussion Paper No. 2118R
Number of pages: 163 Posted: 26 Mar 2018
Martin Shubik
Yale University - School of Management
Downloads 87 (286,266)

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Evolution of money, Coordination, Division of labor

42.

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 86 (288,375)
Citation 4

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

43.

Commodity Money and the Valuation of Trade

Cowles Foundation Discussion Paper No. 1510
Number of pages: 19 Posted: 29 Apr 2005
Eric Smith and Martin Shubik
Santa Fe Institute - Economics and Yale University - School of Management
Downloads 81 (299,056)

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Bureaucracy, contract enforcement, taxes, money

44.

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 80 (301,228)

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

45.

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 80 (301,228)
Citation 3

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Cost innovation, Schumpeter, Circular flow, Strategic market games

46.

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 78 (305,794)
Citation 1

Abstract:

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

47.

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

Downloads 77 (308,131)

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 47 (400,633)

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 30 (473,382)

Abstract:

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

48.

A Web Gaming Facility for Research and Teaching

Downloads 76 (310,506)
Citation 1

A Web Gaming Facility for Research and Teaching

Cowles Foundation Discussion Paper No. 1860
Number of pages: 31 Posted: 10 May 2012 Last Revised: 26 Jul 2012
Martin Shubik
Yale University - School of Management
Downloads 50 (389,858)
Citation 1

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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 26 (495,378)

Abstract:

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Matrix games, Experimental, Teaching and computerized games

49.

Fiat Money and the Natural Scale of Government

Cowles Foundation Discussion Paper No. 1509
Number of pages: 35 Posted: 29 Apr 2005
Martin Shubik and Eric Smith
Yale University - School of Management and Santa Fe Institute - Economics
Downloads 76 (310,506)
Citation 2

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Bureaucracy, contract enforcement, taxes, money

50.

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

Cowles Foundation Discussion Paper No. 2118
Number of pages: 144 Posted: 17 Jan 2018 Last Revised: 16 Mar 2018
Martin Shubik
Yale University - School of Management
Downloads 74 (315,311)

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Evolution of money, Coordination, Division of labor

51.

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 74 (315,311)

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Multiple equilibria, Runs, Replicator dynamics, Sensitivity analysis

52.

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 73 (317,742)

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Experimental Gaming, Bank, Fiat money

53.

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

Cowles Foundation Discussion Paper No. 1420
Number of pages: 27 Posted: 04 Jun 2003
Martin Shubik and Eric Smith
Yale University - School of Management and Santa Fe Institute - Economics
Downloads 73 (317,742)
Citation 7

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Strategic Market Games, Clearinghouses, Credit Evaluation, Default

54.

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 71 (322,618)

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Dynamic programming, Public goods, Bureaucracy, Taxation

55.

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

Downloads 66 (335,537)
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 Carnegie Mellon University- Heiz College
Downloads 33 (458,406)

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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 Carnegie Mellon University- Heiz College
Downloads 33 (458,406)
Citation 1

Abstract:

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

56.

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 65 (338,244)

Abstract:

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random search context

57.

Default Penalty as a Selection Mechanism Among Multiple Equilibria

Downloads 60 (352,074)

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 54 (376,288)

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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 6 (625,903)

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

58.

Absenteeism, Substitutes, and Complements in Simple Games

Cowles Foundation Discussion Paper No. 1447
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 60 (352,074)

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

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 59 (354,975)
Citation 6

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cost innovation, financial control, circular flow

60.

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 49 (386,564)

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

61.

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 - Cowles Foundation, Columbia University - Department of Statistics, Yale University - School of Management and University of Minnesota
Downloads 43 (407,768)
Citation 3

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Inflation, Economic equilibrium and dynamics, Dynamic programming, Consumption

62.

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 42 (411,427)

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Exchange mechanism, Minimal complexity, Prices, money

63.

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 39 (422,750)

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2 2 matrix games

64.

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 38 (426,887)

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Commercial banking, Continuous time, Money supply

65.

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 37 (430,936)
Citation 10

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Exchange mechanism, Minimal complexity, Prices, Markets, Money

66.

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 35 (439,118)

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

67.

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

Cowles Foundation Discussion Paper No. 2138
Number of pages: 8 Posted: 02 Aug 2018
Martin Shubik
Yale University - School of Management
Downloads 34 (443,246)

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Game Theory, Money, Financial Institutions

68.

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 34 (443,246)

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delta-core, enough money, market games

69.

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

Downloads 31 (456,546)
Citation 4

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 16 (558,214)
Citation 8

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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 15 (564,812)
Citation 1

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

70.

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 30 (461,226)
Citation 1

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

71.

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 28 (470,926)

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2x2 matrix games, Index

72.

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 14 (555,697)

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

73.

Default Penalty As a Selection Mechanism Among Multiple Equilibria

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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 10 (598,311)

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