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Learning to Play Approximate Nash Equilibria in Games with Many Players

Cartwright, Edward - 2004

an imitation dynamic and provide conditions under which play evolves to an imitation equilibrium; convergence is …

Persistent link: https://www.econbiz.de/10011324955

Technological diffusion, spatial spillovers and regional convergence in Europe

Paci, Raffaele; Pigliaru, Francesco - 2001

convergence of GDP per worker observed across the European regions, in the absence of data on regional TFP. Second, the spatial … regional convergence in Europe. As for the first issue, our aim is to assess whether the convergence observed across European … regions is due to convergence in technology as well as to convergence in capital-labour ratios. We first develop a growth …

Persistent link: https://www.econbiz.de/10011608798

Perspectives on Ottawa's high-tech sector

Novakowski, Nick (contributor); Tremblay, Rémy (contributor) - 2007

Persistent link: https://www.econbiz.de/10003513341

Money, Endogenous Fertility and Economic Growth

Petrucci, Alberto - 1999

This paper analyses the issue of money superneutrality through an intertemporal optimising model of capital accumulation and inflation with endogenous fertility, i.e. endogenous population growth. The model establishes an inverse relation between capital-labour ratio and population growth, which...

Persistent link: https://www.econbiz.de/10011608490

Is Inequality Harmful for the Environment in a Growing Economy?

Kempf, Hubert; Rossignol, Stéphane - 2005

In this paper we investigate the relationship between inequality and the environment in a growing economy from a political economy perspective. We consider an endogenous growth economy, where growth generates pollution and a deterioration of the environment. Public expenditures may either be...

Persistent link: https://www.econbiz.de/10010312338

Environmental Resources Depletion and Interplay Between Negative and Positive Externalities in a Growth Model

Antoci, Angelo - 2005

We analyse growth dynamics in an economy where the well-being of economic agents depends on three goods: leisure, a free access environmental good and a private good which can be produced by each agent through his own labour input. The private good can be consumed as a substitute for the...

Persistent link: https://www.econbiz.de/10010312441

Asset Accumulation, Fertility Choice and Nondegenerate Dynamics in a Small Open Economy

Petrucci, Alberto - 2004

This paper shows that the assumption of elastic fertility choices represents an unconsidered way of introducing nondegenerate dynamics within an immortal small open economy, facing perfect capital mobility and no adjustment costs associated with capital accumulation, and having a fixed discount...

Persistent link: https://www.econbiz.de/10011325004

Taxing Land Rent in an Open Economy

Petrucci, Alberto - 2003

This paper analyzes the effects of a land rent tax on capital formation and foreign investment in a life-cycle small open economy with endogenous labor-leisure choices. Differently from the previous literature, the consequences of land taxation critically depend on how the tax proceeds are used...

Persistent link: https://www.econbiz.de/10011325092

Macroeconomic effects of an energy saving policy in the public sector

Quirion, Philippe - 2002

Nearly all the macroeconomic literature on environmental policies deals with taxes and tradable permits. A policy instrument that still needs to be looked at is a switch in government expenditure away from environmentally-damaging goods, in particular fossil fuels, and toward resource- and...

Persistent link: https://www.econbiz.de/10011335682

Devaluation (levels versus rates) and balance of payments in a cash-in-advance economy

Petrucci, Alberto - 2002

This paper investigates the consequences of the currency devaluation, both in levels and rates, on the balance of payments in a cash-in-advance economy with finite horizons, endogenous capital accumulation and international capital immobility. In this context, a once and for all currency...

Persistent link: https://www.econbiz.de/10011335687