ENGLISH

Macroeconomic Policy Games

By Univ.-Doz. Dr. Andreas Wörgötter (eds.) , Erwin Amann , Klaus Ritzberger (auth.) , Mag. Arno Riedl , Professor Dr. Georg Winckler

Book information

Publisher
Physica-Verlag Heidelberg
Year
1995
ISBN
978-3-642-50309-2, 978-3-642-50307-8
DOI
10.1007/978-3-642-50307-8
Language
english
Format
PDF
Filesize
4 MB (4647760 bytes)
Series
Studies in Empirical Economics
Edition
1
Pages
123\131
Time added
2014-01-18 08:00:00
Economic Theory

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.

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