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Tinbergen and Theil Meet Nash: Controllability in Policy Games

Bartolomeo, Giovanni Di; Acocella, Nicola - Fondazione ENI Enrico Mattei (FEEM) - 2005

This paper generalizes the classical theory of economic policy 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.

Persistent link: https://www.econbiz.de/10005385510

Dynamic Controllability with Overlapping targets: A Generalization of the Tinbergen-Nash Theory of Economic Policy

Bartolomeo, Giovanni Di; Acocella, Nicola; Hallett, … - Fondazione ENI Enrico Mattei (FEEM) - 2005

We generalize some recent results developed in static policy games with multiple players, to a dynamic context. We find that the classical theory of economic policy can be usefully applied to a strategic context of difference games: if one player satisfies the Golden Rule, then either all other...

Persistent link: https://www.econbiz.de/10005423174

Pollution and the Efficiency of Urban Growth

Quaas, Martin F.; Smulders, Sjak - Fondazione ENI Enrico Mattei (FEEM) - 2008

We analyze the efficiency of urbanization patterns in a dynamic model of endogenous urban growth with two sectors of … equilibrium, compared to the efficient urbanization path, if economic growth implies increasing aggregate emissions. If, on the … other hand, production becomes cleaner over time (`quality growth') the urbanization path approximates the efficient outcome …

Persistent link: https://www.econbiz.de/10005230846