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

SCHOLARLY PAPERS

73

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116

CROSSREF CITATIONS

344

Scholarly Papers (73)

1.

Accounting and Economic Theory

Number of pages: 16 Posted: 21 Jan 2003
Martin Shubik
Yale University - School of Management
Downloads 3,321 (4,977)
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 3,202 (5,287)

Abstract:

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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 1,830 (13,023)
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 836 (41,334)
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 749 (47,845)
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 722 (50,245)

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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 610 (61,755)
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

Abstract:

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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 573 (67,677)
Citation 2

Abstract:

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

9.
Downloads 527 ( 75,118)
Citation 105

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 270 (158,070)
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 132 (299,456)
Citation 22

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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 125 (312,048)
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
Yale School of Management, Yale University - School of Management and Case Western Reserve UniversityWeatherhead School of Management, Case Western Reserve University
Downloads 482 (83,735)
Citation 17

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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 400 (104,140)

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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 357 (118,435)

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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 324 (131,530)

Abstract:

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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 317 (134,493)
Citation 2

Abstract:

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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 301 (142,068)

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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 262 (163,639)

Abstract:

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terrorist organizations, post-attack recovery

17.

The Edgeworth, Cournot and Walrasian Cores

Number of pages: 11 Posted: 04 Nov 2003
Martin Shubik
Yale University - School of Management
Downloads 221 (192,806)

Abstract:

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

18.

Macro-Modelling, Default and Money

Saïd Business School WP 2016-18
Number of pages: 38 Posted: 03 Jun 2016
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 216 (196,986)
Citation 7

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Default, Money, Financial Intermediation, Liquidity, Modelling

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
Hochschule Liechtenstein, University of Innsbruck, Yale University - School of Management and Yale University - School of Management
Downloads 205 (206,619)
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
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

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 135 (294,409)
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 64 (474,548)
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

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

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 57 (502,616)
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 54 (515,427)

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 45 (558,151)

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 31 (639,371)

Abstract:

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

22.

The Harmonic Fisher Equation and the Inflationary Bias of Real Uncertainty

Number of pages: 28 Posted: 10 Jun 2003
Columbia University - Department of Statistics, Yale University - School of Management, University of Minnesota and Yale University
Downloads 186 (225,417)
Citation 3

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

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 (228,689)

Abstract:

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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

24.

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 176 (236,432)
Citation 1

Abstract:

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money, fiat, virtual currencies

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 176 (236,432)
Citation 1

Abstract:

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

26.

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 174 (238,743)

Abstract:

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Local Games, Network Games, Advertising

27.

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 169 (244,664)
Citation 1

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

28.

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 163 (252,207)

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Barley, gold, fiat and credit, evolution of money

29.

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 163 (252,207)

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

30.

Inflationary Bias in a Simple Stochastic Economy

Number of pages: 26 Posted: 07 Nov 2001
Columbia University - Department of Statistics, Yale University - School of Management, University of Minnesota and Yale University
Downloads 139 (286,733)

Abstract:

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

31.

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 136 (291,628)

Abstract:

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

32.

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 135 (293,269)

Abstract:

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General equilibrium theory, Uniqueness of equilbirium, Default

33.

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 127 (307,084)

Abstract:

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Strategic Market Games, Clearinghouses, Credit Evaluation, Default

34.

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 126 (308,849)

Abstract:

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Evolution of money, Coordination, Division of labor

35.

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 126 (308,849)

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Innovation, Invention, Circular flow, Finance

36.

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 121 (318,198)

Abstract:

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Evolution of money, Coordination, Division of labor

37.

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 121 (318,198)
Citation 3

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

38.

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 119 (321,931)
Citation 1

Abstract:

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39.
Downloads 117 (325,719)

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 70 (452,688)

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 47 (548,041)

Abstract:

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Matrix games, solution concepts, experimental gaming

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 116 (327,706)

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Gold demonetization, Gold backed paper, Reserves

41.

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 114 (331,734)
Citation 1

Abstract:

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Bankruptcy, Innovation, Growth, Competition, Price-formation

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 62 (482,293)

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 51 (529,129)

Abstract:

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

43.

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 111 (338,025)
Citation 2

Abstract:

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

44.

Its Not Just a Game!!

Number of pages: 25 Posted: 05 Sep 2008
Martin Shubik
Yale University - School of Management
Downloads 106 (348,750)
Citation 1

Abstract:

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45.

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 98 (367,174)

Abstract:

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Bankruptcy, Innovation, Growth, Competition, Price-formation

46.

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 98 (367,174)

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Experimental Gaming, Bank, Fiat money

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 72 (445,722)

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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 21 (715,956)

Abstract:

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

48.

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 86 (398,097)
Citation 6

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Cost innovation, Schumpeter, Circular flow, Strategic market games

49.

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 86 (398,097)
Citation 2

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Bureaucracy, contract enforcement, taxes, money

50.

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 85 (400,843)

Abstract:

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Bureaucracy, contract enforcement, taxes, money

51.

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 84 (403,668)

Abstract:

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

52.
Downloads 84 (403,668)
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 57 (502,616)
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 27 (667,702)

Abstract:

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Matrix games, Experimental, Teaching and computerized games

53.

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 79 (418,277)

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Multiple equilibria, Runs, Replicator dynamics, Sensitivity analysis

54.

Financial Control of a Competitive Economy without Randomness

Cowles Foundation Discussion Paper No. 1681
Number of pages: 32 Posted: 30 Oct 2008
Columbia University - Department of Statistics, Yale University - School of Management and University of Minnesota
Downloads 77 (424,542)

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Dynamic programming, Public goods, Bureaucracy, Taxation

55.

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 76 (427,667)

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Strategic Market Games, Clearinghouses, Credit Evaluation, Default

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 36 (607,701)

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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 35 (613,790)
Citation 1

Abstract:

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

57.

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 68 (453,900)
Citation 1

Abstract:

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random search context

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 32 (632,676)
Citation 1

Abstract:

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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. 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 32 (632,676)
Citation 1

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

59.

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 62 (475,487)

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

60.

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 61 (479,335)
Citation 8

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cost innovation, financial control, circular flow

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
Yale University, Columbia University - Department of Statistics, Yale University - School of Management and University of Minnesota
Downloads 52 (515,563)
Citation 2

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Inflation, Economic equilibrium and dynamics, Dynamic programming, Consumption

62.

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 51 (519,999)

Abstract:

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

63.

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 51 (519,999)

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

64.

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 50 (524,421)

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Exchange mechanism, Minimal complexity, Prices, money

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 46 (542,635)
Citation 9

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Exchange mechanism, Minimal complexity, Prices, Markets, Money

66.

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 45 (547,418)

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Game Theory, Money, Financial Institutions

67.

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 44 (552,250)

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2 2 matrix games

68.

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 44 (552,250)
Citation 1

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Commercial banking, Continuous time, Money supply

69.

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 40 (572,445)

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delta-core, enough money, market games

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 35 (599,565)

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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 34 (605,271)

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2x2 matrix games, Index

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 29 (653,182)

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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 19 (709,642)

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