2 edition of note on purifying mixed strategy equilibria in the search-theoretic model of fiat money found in the catalog.
note on purifying mixed strategy equilibria in the search-theoretic model of fiat money
Randall Wright
Published
1998
by Federal Reserve Bank of Philadelphia, Economic Research Division in Philadelphia
.
Written in
Edition Notes
Statement | Randall Wright. |
Series | Economic research working paper series / Federal Reserve Bank of Philadelphia, Economic Research Division -- no.98-8, Economic research working paper (Federal Reserve Bank of Philadelphia, Economic Research Division) -- no.98-8. |
ID Numbers | |
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Open Library | OL17288650M |
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Suggested citation: Wright, Randall, “A Note on Purifying Mixed Strategy Equilibria in the Search Model of Money,” Federal Reserve Bank of Cleveland, Working Paper no. Cited by: 1. Randall Wright, "A Note on Purifying Mixed Strategy Equilibria in the Search-Theoretic Model of Fiat Money" The simple search-theoretic model of fiat money has three symmetric Nash equilibria: all agents accept money with probability 1; all agents accept money with probability 0; and all agents accept money with probability y between 0 and 1.
"A note on purifying mixed strategy equilibria in the search-theoretic model of fiat money," Working PapersFederal Reserve Bank of Philadelphia, revised Randall Wright, "A note on purifying mixed strategy equilibria in the search model of money," Working Papers (Old Series)Federal Reserve Bank of Cleveland, revised A Note on Purifying Mixed Strategy Equilibria in the Search Model of Money Randall Wright The simple search-theoretic model of fiat money has three symmetric Nash equilibria: all agents accept money with probability 1; all agents accept money with probability 0; and all agents accept money with probability y is an element of (0,1).
Department of Finance, Investment and Banking School of Business University of Wisconsin-Madison Madison, Wisconsin (United States) These are publications listed in RePEc written by members of the above institution who are registered with the RePEc Author Service.
Thus this compiles the works all those currently affiliated with this institution. To maintain, as we do in the present text, that money is the scribe of a market economy, is an attempt to get rid of misleading metaphors (veil, wheel of commerce, and so on), which have in common the reduction of money to empirical objects, characterizing money at a theoretical level as a special commodity called ‘fiat money’.