Tinbergen and Theil Meet Nash: Controllability in Policy Games
Data
01.01.2005
01.01.2005
Autori
Giovanni Di Bartolomeo, Nicola Acocella
Codice JEL
C72,E52,E61
C72,E52,E61
Parole chiave:
Policy games,policy ineffectiveness,static controllability,Nash equilibrium existence
Policy games,policy ineffectiveness,static controllability,Nash equilibrium existence
Publisher
Economy and Society
Economy and Society
This paper generalizes the classical theory of economic policy to a static LQ-strategic context between n players. We show how this generalized version of controllability can profitably be used to deal with policy ineffectiveness issues and Nash equilibrium existence.