Macroeconomic Policy Games (studies In Empirical Economics)
by Arno Riedl /
2013 / English / PDF
4.4 MB Download
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.
