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Social and Behavioral Sciences Commons™
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Full-Text Articles in Social and Behavioral Sciences
Inflationary Bias In A Simple Stochastic Economy, Ioannis Karatzas, Martin Shubik, William D. Sudderth, John Geanakoplos
Inflationary Bias In A Simple Stochastic Economy, Ioannis Karatzas, Martin Shubik, William D. Sudderth, John Geanakoplos
Cowles Foundation Discussion Papers
We construct explicit equilibria for strategic market games used to model an economy with fiat money, one nondurable commodity, countably many time- periods, and a continuum of agents. The total production of the commodity is a random variable that fluctuates from period to period. In each period, the agents receive equal endowments of the commodity, and sell them for cash in a market; their spending determines, endogenously, the price of the commodity. All agents have a common utility function, and seek to maximize their expected total discounted utility from consumption. Suppose an outside bank sets an interest rate rho for …
Self-Injurious Behavior As A Window To The Soul: Support For A Will To Power?, Ibpp Editor
Self-Injurious Behavior As A Window To The Soul: Support For A Will To Power?, Ibpp Editor
International Bulletin of Political Psychology
This article describes a rationale for self-injurious behavior in the political world