Macroeconomic Policy Games

1. Front Matter

   Pages i-xii

   PDF

2. Reputational Equilibrium in a Macro-Economic Game with Infinite Action Spaces and a Continuum of Types

   • Erwin Amann, Klaus Ritzberger

   Pages 1-25

3. Social Partnership and Exchange Rate Policy. — A Gametheoretic Approach

   • Erwin Amann, Georg Winckler

   Pages 27-39

4. How Can Decentralized Non-Cooperative Stabilization Policies Be Efficient? — A Differential Game Approach

   • Engelbert J. Dockner, Reinhard Neck

   Pages 41-55

5. Cooperation vs. Solidarity in a Complete Version of the Classical Growth Cycle

   • Peter Flaschel

   Pages 57-85

6. Evolving Strategies — Gaming in Economics

   • Gerhard Hanappi

   Pages 87-102

7. Fiscal and Monetary Policies in Overlapping Generations Economies with Monopolistic Competition

   • Gerhard Schwödiauer

   Pages 103-123

Subject and purpose of the book is the investigation of economic policy issues with the help of non-cooperative game theory.
The most important feature of our work is to look at the possible strategic interactions between various economic agents and/or institutions. We are also investigating the potential effects on efficiency and welfare if agents act in a strategic way. The method of non-cooperative game theory leads in general to results which differ from that derived in using "traditional" economic theory.

• Economic Policy
• Macroeconomics
• Makroökonomik
• Spieltheorie
• Wirtschaftspolitik
• agents
• game theory

• Department of Economics, Institute for Advanced Studies, Vienna, Austria

  Arno Riedl

• Institute of Economics, University of Vienna, Vienna, Austria

  Georg Winckler

• Head of Department of Economics, Institute for Advanced Studies, Vienna, Austria

  Andreas Wörgötter

Policies and ethics