COWLES FOUNDATION FOR RESEARCH IN ECONOMICS
AT YALE UNIVERSITY

Box 208281
New Haven, CT 06520-8281

COWLES FOUNDATION DISCUSSION PAPER NO. 715

"Strategic Market Game:
A Dynamic Programming Application to Money, Banking and Insurance"

Martin Shubik

October 1984

A series of models (kept simple in order to stress the structure of the models and the nature of the questions) are described and problems are posed pertaining to a dynamic economy with various possibilities for the issuance of fiat money, credit and insurance.

JEL Classification: 311, 315

Keywords: Strategic market games, dynamic programming, fiat money, credit

See CFP 661