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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

Abatement Technology and the Environment-Growth Nexus with Education

Pautrel, Xavier - Fondazione ENI Enrico Mattei (FEEM) - 2011

used in the abatement sector determines the existence and the direction of the growth-effect. A tighter environmental tax …

Persistent link: https://www.econbiz.de/10009002687

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

Environmental Policy, Education and Growth with Finite Lifetime: the Role of Abatement Technology

Pautrel, Xavier - Fondazione ENI Enrico Mattei (FEEM) - 2010

(both the size and the “direction”) on the long-run growth driven by human capital accumulation à la Lucas (1988), when the …. decreases) the BGP rate of growth. When abatement services are produced with the final output, the environmental taxation does … not influence growth. …

Persistent link: https://www.econbiz.de/10008465533