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文章基本信息

  • 标题:Limit policies in N-sector dynamic growth games with externalities
  • 本地全文:下载
  • 作者:Ronald D. Fischer ; Leonard J. Mirman
  • 期刊名称:Advances in Decision Sciences
  • 印刷版ISSN:2090-3359
  • 电子版ISSN:2090-3367
  • 出版年度:1997
  • 卷号:1
  • 期号:2
  • 页码:81-87
  • DOI:10.1155/S1173912697000084
  • 出版社:Hindawi Publishing Corporation
  • 摘要:

    We examine an economy with n production sectors that interact via a production externality. We find a solution to the resulting dynamic differential game between sectors and compare it to the cooperative solution. As the number of sectors increases, the limiting policy is the optimal policy without a production externality. This policy is inefficient and, depending on the sign of the externality between sectors, the inefficiency is due to over- (or under-) consumption.

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