The authors consider a multivariable system comprising a set of macroeconomic variables as inputs, states and outputs. In this setting the authors assess the control potential of fiscal policy versus a large negative business cycle shock that affects the output of the system. The inputs...

A linear control system in the form of a vector autoregressive (VAR) model with an input is considered. The system comprises a set of macroeconomic variables as inputs, states and outputs. The state variables included are the cyclical components of gross domestic product (GDP) and the rate of...

This paper defines a variety of game theoretic solution concepts in the language of soft set theory. We begin by defining the Nash equilibrium in pure strategies. We assume that the gains of the players are totally ordered and non-desirable alternatives are absent. Moreover, we introduce the...

We generalize Beladi et al. (2014) for any non-negative, increasing, continuous function of distance as transportation costs function. By doing so, we show that in a duopoly, partial privatization does not change the socially optimal character of the Nash equilibrium location. Our results call...

Following the publication of Eleftheriou and Michelacakis (2016a), it was brought to our attention that the problem identified and corrected in Eleftheriou and Michelacakis (2016a) affects more papers than just the Beladi et al. (2008). Two such instances of published papers that we know of are...