The existence of Nash equilibria in n-player LQ-games, with applications to international monetary and trade agreements
AbstractThe paper studies the relationship between equilibrium existence in LQ games and the classical theory of economic policy, generalizing some recent results. In particular, by focusing on system controllability instead of the controllability by one or some of the players, we find conditions for the existence of the Nash equilibrium that extend those required by the previous literature. The usefulness of our results is described by some examples in the field of international monetary and trade agreements.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Department of Communication, University of Teramo in its series wp.comunite with number 0040.
Date of creation: Apr 2008
Date of revision:
Contact details of provider:
Web page: http://wp.comunite.it/
Find related papers by JEL classification:
- C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
- E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
- E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
This paper has been announced in the following NEP Reports:
- NEP-ALL-2008-04-15 (All new papers)
- NEP-CBA-2008-04-15 (Central Banking)
- NEP-GTH-2008-04-15 (Game Theory)
- NEP-MAC-2008-04-15 (Macroeconomics)
- NEP-MON-2008-04-15 (Monetary Economics)
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Hughes Hallett Andrew & Di Bartolomeo Giovanni & Acocella Nicola, 2008. "Controllability under rational expectations," wp.comunite 0042, Department of Communication, University of Teramo.
- Acocella Nicola & Di Bartolomeo Giovanni & Piacquadio Paolo Giovanni, 2009.
"Conflict of interests, (implicit) coalitions and Nash policy games,"
0054, Department of Communication, University of Teramo.
- Acocella, Nicola & Di Bartolomeo, Giovanni & Piacquadio, Paolo G., 2009. "Conflict of interests, (implicit) coalitions and Nash policy games," Economics Letters, Elsevier, vol. 105(3), pages 303-305, December.
- Acocella Nicola & Di Bartolomeo Giovanni, 2010. "Convergenza di interessi, conflitto e coordinamento nella fornitura di beni pubblici," Politica economica, Società editrice il Mulino, issue 3, pages 389-408.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Giovanni Di Bartolomeo).
If references are entirely missing, you can add them using this form.