1 citations · 1 across the 2 of their papers we have counts for
6 papers
Apologia Pro Vita Sua: The Vanishing of the White Whale in the Mists
Martin Shubik
There are many analogies among fortune hunting in business, politics, and science. The prime task of the gold digger was to go to the Klondikes, find the right mine and mine the ri…
Money as Minimal Complexity
Pradeep Dubey, Siddhartha Sahi, Martin Shubik
We consider mechanisms that provide traders the opportunity to exchange commodity for commodity , for certain ordered pairs . Given any connected graph of opportunit…
Graphical Exchange Mechanisms
Pradeep Dubey, Siddhartha Sahi, Martin Shubik
Consider an exchange mechanism which accepts diversified offers of various commodities and redistributes everything it receives. We impose certain conditions of fairness and conven…
Economics: The next physical science?
J. Doyne Farmer, Eric Smith, Martin Shubik
We review an emerging body of work by physicists addressing questions of economic organization and function. We suggest that, beyond simply employing models familiar from physics t…
Spatial competition and price formation
Kai Nagel, Martin Shubik, Maya Paczuski +1
We look at price formation in a retail setting, that is, companies set prices, and consumers either accept prices or go someplace else. In contrast to most other models in this con…
Price Variations in a Stock Market With Many Agents
P. Bak, M. Paczuski, M. Shubik
Large variations in stock prices happen with sufficient frequency to raise doubts about existing models, which all fail to account for non-Gaussian statistics. We construct simple…