- Title Pages
- Dedication
- Preface
- Acknowledgments
-
Chapter 1 Money and Context -
Chapter 2 The Properties of Markets -
Chapter 3 The Basic Model -
Chapter 4 Trade with a Money Market -
Chapter 5 Trade with a Rich Large Agent -
Chapter 6 Markets with Gold -
Chapter 7 Markets with Fiat -
Chapter 8 Default and Bankruptcy -
Chapter 9 A One-Period Sell-All Model -
Chapter 10 Clearinghouses, Credit, and Control -
Chapter 11 The Size and Role of Financial Institutions -
Chapter 12 Oligopolistic Competition with Cash and with a Money Market -
Chapter 13 Monopolistic and Oligopolistic Bankers -
Chapter 14 Competitive Banking I: Corporate Banking with a Central Bank -
Chapter 15 Competitive Banking II: Demonetization of Gold -
Chapter 16 Multiperiod Models of Trade -
Chapter 17 Pure Theory, Practice, and Context - Bibliography
- Names
- Subjects
A One-Period Sell-All Model
A One-Period Sell-All Model
- Chapter:
- (p.131) Chapter 9 A One-Period Sell-All Model
- Source:
- Barley, Gold, or Fiat
- Author(s):
Thomas Quint
Martin Shubik
- Publisher:
- Yale University Press
We study markets with a sell-all trading structure. After a discussion of why one might use a sell-all model, we take the no-loan market from chapter 7 and change the buy-sell structure to sell-all. The main observation in the results is that, unlike in the buy-sell case, trade ends up efficient no matter how much original endowment of money the traders have. Also, the exact final distribution of goods depends only upon the initial distribution of the fiat and not on the initial distribution of goods 1 and 2.
Keywords: efficient trade, sell-all model
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- Title Pages
- Dedication
- Preface
- Acknowledgments
-
Chapter 1 Money and Context -
Chapter 2 The Properties of Markets -
Chapter 3 The Basic Model -
Chapter 4 Trade with a Money Market -
Chapter 5 Trade with a Rich Large Agent -
Chapter 6 Markets with Gold -
Chapter 7 Markets with Fiat -
Chapter 8 Default and Bankruptcy -
Chapter 9 A One-Period Sell-All Model -
Chapter 10 Clearinghouses, Credit, and Control -
Chapter 11 The Size and Role of Financial Institutions -
Chapter 12 Oligopolistic Competition with Cash and with a Money Market -
Chapter 13 Monopolistic and Oligopolistic Bankers -
Chapter 14 Competitive Banking I: Corporate Banking with a Central Bank -
Chapter 15 Competitive Banking II: Demonetization of Gold -
Chapter 16 Multiperiod Models of Trade -
Chapter 17 Pure Theory, Practice, and Context - Bibliography
- Names
- Subjects
