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Consumo privado, inversión pública e impuestos en una solución no cooperativa

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  • Soto Torres, M.D.

    (Universidad de Valladolid)

  • Macarro Heredia, M.J.

    (Universidad de Valladolid)

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    Abstract

    Este trabajo analiza el equilibrio no cooperativo de Nah sobre un juego diferencial entre el gobierno y el sector privado. La tecnología tiene una influencia directa sobre el comportamiento de las trayectorias de capital público y privado en el equilibrio, por ello, se analiza una tecnología no lineal y una lineal. Las características que presenta el equilibrio con la tecnología lineal permiten caracterizarle como un subjuego perfecto, lo que permite la construcción de estrategias de amenaza que mejoran los objetivos de los sectores. This paper examines the Nash equilibria solution for a differential game between the government and the private sector. The effect that technology has on the strategies of both players is studied to consider a non linear and linear production function. The equilibria when the technology is linear has the propety to be a subgame perfect. It allows us to build trigger strategies.

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    Bibliographic Info

    Article provided by Estudios de Economía Aplicada in its journal Estudios de Economía Aplicada.

    Volume (Year): 8 (1997)
    Issue (Month): (Diciembre)
    Pages: 163-189

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    Handle: RePEc:lrk:eeaart:8_3_8

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    Related research

    Keywords: Neoclassical Growth; Nash Equilibria Solution; Trigger Strategies;

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    References

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    1. Hoel, Michael, 1978. "Distribution and Growth as a Differential Game between Workers and Capitalists," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 19(2), pages 335-50, June.
    2. Pohjola, Matti, 1983. "Nash and stackelberg solutions in a differential game model of capitalism," Journal of Economic Dynamics and Control, Elsevier, vol. 6(1), pages 173-186, September.
    3. David Aschauer, 1988. "Is public expenditure productive?," Staff Memoranda 88-7, Federal Reserve Bank of Chicago.
    4. Aschauer, David Alan, 1989. "Does public capital crowd out private capital?," Journal of Monetary Economics, Elsevier, vol. 24(2), pages 171-188, September.
    5. Lancaster, Kelvin, 1973. "The Dynamic Inefficiency of Capitalism," Journal of Political Economy, University of Chicago Press, vol. 81(5), pages 1092-1109, Sept.-Oct.
    6. Jones, Larry E & Manuelli, Rodolfo E, 1990. "A Convex Model of Equilibrium Growth: Theory and Policy Implications," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages 1008-38, October.
    7. Seierstad, Atle, 1993. "The dynamic efficiency of capitalism," Journal of Economic Dynamics and Control, Elsevier, vol. 17(5-6), pages 877-886.
    8. Buffie, Edward F., 1995. "Public investment, private investment, and inflation," Journal of Economic Dynamics and Control, Elsevier, vol. 19(5-7), pages 1223-1247.
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