On Optimal Economic Policy Making Using Stochastic Methods
Salilesh Mukhopadhyay and
No 170870, 1995 Conference (39th), February 14-16, 1995, Perth, Australia from Australian Agricultural and Resource Economics Society
In agrarian cconom1es the success of new agricultural technologies depends on the appropriateness of policy combinations implemented by these governments In this paper different methods to optimise the related policy-mix are outlined in brief Using the results of an econometric model the goal-seeking method of the SAS package has been applied to deterministically obtain optimal policy Lastly the techniques of equilibrium programming arc used to derive an equilibrium (optimal) strategy for the associated non-zero sum stochastic game between two players
Keywords: Agricultural and Food Policy; Research and Development/Tech Change/Emerging Technologies; Research Methods/ Statistical Methods (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aare95:170870
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