Friday, September 30, 2016

Lerner trade games

Assume a trading game
Re contracting continues
Until results conform to
Certain rules


Including

Trades each period must balance

 QxP  for imports equals  QxP for exports


All Trade in and out runs thru a monopoly/  monopsony  cartel

    All proceeds from pricing adjustments  are returned to the factor owners in lump sums



To be continued. ....