聖塔非研究所

摘要 We consider the problem of including the costs an

2011 · 已發表論文 · 更新 2026/08/30 下午12:48

摘要 We consider the problem of including the costs and value of the institutions that define money and support trade, within the framework of 經濟 optimization. We compare monetary systems medi…

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  • 類型:已發表論文
  • 日期:2011

摘要

We consider the problem of including the costs and value of the institutions that define money and support trade, within the framework of 經濟 optimization. We compare monetary systems mediated by durable commodity monies, versus pure fiat monies, in order to understand the separation and eventual independence of the institutionally-created value of money from the values of underlying traded goods. We treat the 湧現 of monetary function as a problem in mechanism design, modeled by minimal strategic market games that overcome a generalized Jevons failure when 智能體s must commit ahead of time to specialist resource production. We consider in particular the problem of defining closures with respect to both money flows and labor-allocation and trading decisions, and show that minimal models require

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