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Macroeconomic policy games
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Subject and purpose of the book is the investigation of economic policy issues with the help of non-cooperative game theory. The most important feature of our work is to look at the possible strategic interactions between various economic agents and/or institutions. We are also investigating the potential effects on efficiency and welfare if agents act in a strategic way. The method of non-cooperative game theory leads in general to results which differ from that derived in using „traditional“ economic theory.
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Macroeconomic policy games, Arno Riedl
- Language
- Released
- 1995
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- Title
- Macroeconomic policy games
- Language
- German
- Authors
- Arno Riedl
- Publisher
- Physica-Verl.
- Released
- 1995
- ISBN10
- 3790808571
- ISBN13
- 9783790808575
- Series
- Studies in empirical economics
- Category
- Technology / Engineering
- Description
- Subject and purpose of the book is the investigation of economic policy issues with the help of non-cooperative game theory. The most important feature of our work is to look at the possible strategic interactions between various economic agents and/or institutions. We are also investigating the potential effects on efficiency and welfare if agents act in a strategic way. The method of non-cooperative game theory leads in general to results which differ from that derived in using „traditional“ economic theory.