this paper analyzes the reaction of the 9th government with workers and capitalists using game theory. the type of game between three players is static with perfect information. strategy of the players is determined through the use of hierarchical processes and network analysis method. the equilibrium between these three players is the nash type of equilibrium. in the hierarchical and network a...

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This paper is a reply to Barry Ickes' critique of my paper “Trust versus Illusion: What is Driving Demonetization in Russia?” in which I show that the data reject Barry Ickes' Virtual Economy explanation of barter in Russia in favor of an institutional explanation based on the lack of trust. JEL Classification: D20, G30, O10, P30