Trade with assignats or landbank money: Equilibria in a finite-person strategic market game
研究一个有限消费者、无限期界的简化经济中，消费者每期竞标易腐商品并按财富比例分配，分析均衡的存在性与唯一性。
We consider a simplified economy with a finite number of consumers in which a fixed quantity of a perishable commodity becomes available in each of a denumerably infinite number of time periods. There is an initial distribution of wealth. The consumers bid for the commodity every period and the commodity is distributed in proportion to the bids. The total bid is then redistributed among the consumers in proportion to their remaining wealth. We investigate the existence and uniqueness of equilibria in the economy.