Endogenous Growth as a Dynamic Game
作者： Simone Clemhout , Henry Wan
DOI: 10.1007/978-1-4612-4274-1_23
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摘要: Dissimilar growth patterns often prevail for economies similar in taste, technology and initial endowment. This may arise from the nature of ‘knowledge capital’, a durable public input, privately accumulated. Its external effect spawns dynamic game. By game-theoretic analysis, one obtains continuum Markovian-Nash equilibria, some being Pareto-ranked: better coordination means higher growth. The underlying strategical complementarity is shown to be equivalent externality ‘fish war’. notion splicing equilibrium introduced open issues are isolated future studies.
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sci-hub.st 参考文章(22)
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