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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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Bibliographic Info

Article provided by Faculty of Economics, University of Belgrade in its journal Economic Annals.

Volume (Year): 57 (2012)
Issue (Month): 194 (July - September)
Pages: 63-106

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Handle: RePEc:beo:journl:v:57:y:2012:i:194:p:63-106

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Keywords: general equilibrium; strategic market game; macroeconomics; monetary economics;

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