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portada BLS Working Papers: An Anticipative Feedback Solution for the Infinite-Horizon
Type
Physical Book
Author
Publisher
Language
English
Pages
32
Format
Paperback
Dimensions
28x21.6x0.2 cm
Weight
0.10 kg.
ISBN13
9781491257951
Categories

BLS Working Papers: An Anticipative Feedback Solution for the Infinite-Horizon

Baoline Chen (Author) · Createspace · Paperback

BLS Working Papers: An Anticipative Feedback Solution for the Infinite-Horizon - Chen, Baoline

New Book Imported to South Africa
Delivery: 26 Oct - 06 Nov Shipping: 16 to 20 business days.
R 467
R 467

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Synopsis "BLS Working Papers: An Anticipative Feedback Solution for the Infinite-Horizon"

Dynamic Stackelberg (or leader-follower) games are useful tools for studying dynamic economic behavior in equilibrium settings in which some player is dominant. Because of their tractability, infinite- horizon, linear-quadratic, dynamic, Stackelberg (LQDS) games have received particular attention. LQDS games have been used to study non- competitive behavior in specific markets and to evaluate and design macroeconomic policies. For example, Sargent (1985) contains studies of energy markets based on LQDS games; Kydland and Prescott (1977) and Fischer (1980) studied optimal tax policy using DS games; Canzoneri and Gray (1985), Miller and Salmon (1985), and Turnovsky, Basar, and d'Orey (1988) studied international macroeconomic policy coordination using DS games; section 4 illustrates the present anticipative feedback solution in a LQDS game of a hypothetical industry. The anticipative feedback solution could be applied to the LQ approximation of any dynamic economic setting with a dominant agent.

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