Control Theory and Dynamic Games in Economic Policy Analysis - Hardcover

Petit, Maria Luisa

Hardcover

ISBN 10: 0521385237 ISBN 13: 9780521385237

Publisher: Cambridge University Press, 1991

Synopsis

This book, originally published in 1990, deals with the stabilisation and control of an economic system in a dynamic setting. Unlike studies which consider only the case of centralised policy-making, Professor Petit examines both the situation in which policy decisions are taken by a single policy-maker and the case of group policy-making. The wide-ranging economic implications of the use of these methods are thoroughly discussed. The tools of optimal control and differential game theory, and their advantages and drawbacks, are examined, along with methodological implications of introducing expectations into the policy problem. This lucid and comprehensive study of control theory and dynamic games will be of great use both to economists interested in learning mathematical methods and to mathematicians interested in their economic applications.

About this title

Book Description

This book, originally published in 1990, deals with the stabilisation and control of an economic system in a dynamic setting. Unlike studies which consider only the case of centralised policy-making, Professor Petit examines both the situation in which policy decisions are taken by a single policy-maker and the case of group policy-making.

Synopsis

Considering the stabilization and control of an economic system in a dynamic setting, the author examines both the situation in which policy decisions are taken by a single policy-maker and the case of group policy making.

Edition details

• Publisher: Cambridge University Press
• Publication date: 1991
• Language: English
• ISBN 10: 0521385237
• ISBN 13: 9780521385237
• Binding: Hardcover
• Number of pages: 352