TINBERGEN AND THEIL MEET NASH: CONTROLLABILITY IN POLICY GAMES

Nicola Acocella and Giovanni Di Bartolomeo ()
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Nicola Acocella: University of Rome I

Macroeconomics from EconWPA

Abstract: This paper generalizes the classical theory of economic policy developed by Tinbergen and Theil 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.

Keywords: Policy games; policy ineffectiveness; static controllability; Nash equilibrium existence. (search for similar items in EconPapers)
JEL-codes: C72 E52 E61 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-gth and nep-mac
Date: Written 2005-04-26
Note: Type of Document - pdf; pages: 9
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http://129.3.20.41/eps/mac/papers/0504/0504036.pdf (application/pdf)

Related works:
Working Paper: Tinbergen and Theil Meet Nash: Controllability in Policy Games (2005)
Journal Article: Tinbergen and Theil meet Nash: Controllability in policy games (2006)
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