A Note on Herbert Gintis' "Emergence of a Price System from Decentralized Bilateral Exchange"

Artikel in diesem Heft

1. Advances Article
2. Private Information of Nonpaternalistic Altruism: Exaggeration and Reciprocation of Generosity
3. Satisficing: A 'Pretty Good' Heuristic
4. Optimal Auctions with Simultaneous and Costly Participation
5. Temptations in General Settings
6. Learning in Bayesian Games with Binary Actions
7. Contracting in the Presence of Judicial Agency
8. Updating Ambiguity Averse Preferences
9. Competition May Reduce the Revenue in a First Price Auction with Affiliated Private Values
10. Topics Article
11. Incentive Schemes in Peer-to-Peer Networks
12. Why (and When) are Preferences Convex? Threshold Effects and Uncertain Quality
13. A Two-Step Subsidy Scheme to Overcome Network Externalities in a Dynamic Game
14. Oligopolistic Certification
15. Envy-Free and Efficient Minimal Rights: Recursive No-Envy
16. Risk Premiums versus Waiting-Options Premiums: A Simple Numerical Example
17. Inflation, Self Insurance and the Friedman Rule in Economies with Uninsurable Idiosyncratic Risks
18. Advertising and Cost Reduction
19. Directed Search, Rationing and Wage Dispersion
20. Optimism and Bargaining Inefficiency
21. Fair Depreciation: A Shapley Value Approach
22. Product Variety, Scale Economies, and Environmental Taxes
23. Market Competition and Lower Tier Incentives
24. Vertical Differentiation, Social Networks and Compatibility Decisions
25. Asymmetric Bertrand-Edgeworth Oligopoly and Mergers
26. Consumer Rationing and the Cournot Outcome
27. Representations and Identities for Homogeneous Technologies
28. Monitoring Gains and Decentralization
29. Cross-Cultural Trade and Institutional Stability
30. Universal Service Obligations and Competition with Asymmetric Information
31. A Duopoly Model of Political Agency with Applications to Anti-Corruption Reform
32. Simple Economies with Multiple Equilibria
33. A Note on Herbert Gintis' "Emergence of a Price System from Decentralized Bilateral Exchange"
34. Contributions Article
35. Continuous Preferences and Discontinuous Choices: How Altruists Respond to Incentives
36. Reputation, Career Concerns, and Job Assignments
37. Fluctuations in Overlapping Generations Economies
38. Principal and Expert Agent
39. Sale of a Deteriorating Asset via Sequential Search
40. The Efficiency of Observability and Mutual Linkage
41. A Positive Theory of Income Taxation
42. Supply Theory sans Profit Maximization
43. The Dynamics of Collective Reputation
44. Identifying Community Structures from Network Data via Maximum Likelihood Methods
45. Income Distribution, Market Structure, and Individual Welfare
46. Free Riding in Combinatorial First-Price Sealed-Bid Auctions
47. Geometric Asymptotic Approximation of Value Functions
48. Sequential Auctions with Multi-Unit Demands