Macroeconomic Policy Games

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Macroeconomic Policy Games

Macroeconomic Policy Games by Arno Riedl
English | 15 Apr. 2014 | ISBN: 3642503098 | 131 Pages | PDF | 4 MB

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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