COMMENTS ON "MONEY IS PRIVACY" BY CHARLES KAHN, JAMES McANDREWS, AND WILLIAM ROBERDS: MONETARY THEORY AND GAME THEORY* |
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Authors: | Akihiko Matsui † |
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Institution: | Faculty of Economics, University of Tokyo, Japan |
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Abstract: | Three classes of models on money closely related to game theoretic models are (i) search theoretic models; (ii) repeated games (in a narrow sense); and (iii) trading post games. This note tries to point out the sense of affinity between the theory of microfoundations of money and the theory of "repeated games" in a broad sense of the term. |
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