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Author: Arno Riedl Publisher: Springer Science & Business Media ISBN: 3642503071 Category : Business & Economics Languages : en Pages : 131
Book 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.
Author: Arno Riedl Publisher: Springer Science & Business Media ISBN: 3642503071 Category : Business & Economics Languages : en Pages : 131
Book 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.
Author: Farrokh K. Langdana Publisher: Springer Science & Business Media ISBN: 1475736460 Category : Business & Economics Languages : en Pages : 299
Book Description
This is an applications-oriented text that demystifies the linkages between monetary and fiscal policies and key macroeconomic variables such as income, unemployment, inflation and interest rates. Specially written "newspaper" articles simulate current macroeconomic news on asset-price bubbles, exchange rates, hyperinflation and more. Exercises and diagrams, and a global perspective – incorporating both developed and emerging economies - make this a broadly useful, real-world oriented text on a complex and shifting subject.
Author: Ngo Van Long Publisher: World Scientific ISBN: 981446595X Category : Mathematics Languages : en Pages : 290
Book Description
This book provides readers with a comprehensive survey of models of dynamic games in economics, including an extensive coverage of numerous fields of applications. It will also discuss and explain main concepts and techniques used in dynamic games, and inform readers of its major developments while equipping them with tools and ideas that will aid in the formulation of solutions for problems. A Survey of Dynamic Games in Economics will interest those who wish to study more about the conceptions, approaches and models that are applied in the domain of dynamic games.
Author: T. Persson Publisher: Routledge ISBN: 1135645590 Category : Business & Economics Languages : en Pages : 200
Book Description
Uses a game theoretic approach to explore which economic policies are 'credible' and 'politically feasible', questions that had eluded traditional macroeconomic approaches.
Author: Martin Prachowny Publisher: Routledge ISBN: 1134841434 Category : Business & Economics Languages : en Pages : 113
Book Description
Politicians win elections by promising 'Jobs! Jobs! Jobs!' but in practice these promises quickly fall by the wayside. The Goals of Macroeconomic Policy asks why. It begins with the observation that there is no convincing economic argument that full employment should be the primary objective of economic policy in all circumstances. In the light of this it examines whcy policy has failed so consistantly. It explains this by a theory of the labour market which shows why most workers are happy to operate in a way which militates against full employment. It then proceeds to analyse the rather dire consequences of this for the budget deficit.
Author: John Von Neumann Publisher: Diana ISBN: 9785608789779 Category : Games & Activities Languages : en Pages : 660
Book Description
This is the classic work upon which modern-day game theory is based. What began as a modest proposal that a mathematician and an economist write a short paper together blossomed, when Princeton University Press published Theory of Games and Economic Behavior. In it, John von Neumann and Oskar Morgenstern conceived a groundbreaking mathematical theory of economic and social organization, based on a theory of games of strategy. Not only would this revolutionize economics, but the entirely new field of scientific inquiry it yielded--game theory--has since been widely used to analyze a host of real-world phenomena from arms races to optimal policy choices of presidential candidates, from vaccination policy to major league baseball salary negotiations. And it is today established throughout both the social sciences and a wide range of other sciences.
Author: Matthew B. Canzoneri Publisher: MIT Press ISBN: 9780262031783 Category : Business & Economics Languages : en Pages : 196
Book Description
Monetary Policy in Interdependent Economies provides the first comprehensive overview of the implications of using game theory to analyze interactions among national monetary policymakers. It synthesizes the pessimistic view of sovereign policymaking that results from the analysis of one-shot games with the optimistic view derived from the analysis of quid pro quo strategies in repeated games. Good outcomes, the authors conclude, require coordination among noncooperative policymakers, and that sometimes policymakers, must be forced to cooperate. They suggest two roles for supranational institutions such as the International Monetary Fund: the IMF can provide a forum where noncooperative policymakers, can work to achieve good outcomes, and it can police agreements among cooperative policymakers Canzoneri and Henderson take clear stands on controversial issues and make recent advances in game theory accessible by using a single unified framework to explain a wide range of concepts. They begin by analyzing one-shot interactions between two policymakers, In subsequent chapters they extend their analysis to allow for more policymakers, and coalitions, for repeated interactions among policymakers, and for the possibility of time inconsistency. Matthew B. Canzoneri is Professor of Economics at Georgetown University. Dale W. Henderson is Assistant Director, Division of International Finance, Board of Governors of the Federal Reserve System.
Author: Arno Riedl
Author: Arno Riedl
Author: David M. Kreps
Author: Farrokh K. Langdana
Author: Ngo Van Long
Author: Maria Luisa Petit
Author: T. Persson
Author: Agnès Bénassy-Quéré
Author: Martin Prachowny
Author: John Von Neumann
Author: Matthew B. Canzoneri