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Macroeconomic Policy Games (Paperback, 1995 ed.): Arno Riedl, Georg Winckler, Andreas Woergoetter Macroeconomic Policy Games (Paperback, 1995 ed.)
Arno Riedl, Georg Winckler, Andreas Woergoetter
R2,752 Discovery Miles 27 520
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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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