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Economic Annals 2012
A survey of strategic market gamesDOI: 10.2298/eka1294063l Keywords: general equilibrium , strategic market game , macroeconomics , monetary economics Abstract: The Strategic Market Game (SMG) is the general equilibrium mechanism 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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