Macroeconomic Policy Games

ISBN-13: 9783642503092 / Angielski / Miękka / 2014 / 123 str.

Arno Riedl; Georg Winckler; Andreas Worgotter

Opis

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.