In this episode, we are joined by Ariel Rubinstein from NYU and Tel Aviv University, to discuss his paper “Equilibrium in the Jungle,” which appeared in The Economic Journal in 2007. Co-authored with Michele Piccione, the paper constructs a system that is analogous to the conventional ‘exchange economy’ of micro theory, except that the forces governing allocations are … Continue reading Equilibrium in the Jungle with Ariel Rubinstein →