A SURVEY OF STRATEGIC MARKET GAMES

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Dmitry Levando

Abstract

The Strategic Market Game (SMG) is the general equilibrium mecha-nism of strategic reallocation of resources. It was suggested by Shapley and Shubik in a series of papers in the 70s and it is one of the fundamentals of contemporary monetary macroeconomics with endogenous demand for money. This survey highlights features of the SMG and some of the most important current applications of SMGs, especially for monetary macroeconomic analysis.
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Keywords

general equilibrium, strategic market game, macroeconomics, monetary economics

JEL Classification

C7, D4, D5

Issue
Vol 57 No 194 (2012)
Section
Articles

How to Cite

Levando, D. (2012). A SURVEY OF STRATEGIC MARKET GAMES. Economic Annals, 57(194), 63-106. https://doi.org/10.2298/EKA1294063L

How to Cite

Levando, D. (2012). A SURVEY OF STRATEGIC MARKET GAMES. Economic Annals, 57(194), 63-106. https://doi.org/10.2298/EKA1294063L