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Stackelberg solutions in macroeconometric policy models with a decentralized decision structure

  • Differential Games
  • Conference paper
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Optimization Techniques

Part of the book series: Lecture Notes in Control and Information Sciences ((LNCIS,volume 22))

Abstract

Macroeconometric policy models with a decentralized decision structure can often be viewed upon as a linear quadratic N-person nonzero sum difference game with exogenous inputs, nonfeasible ideal paths and a fixed time horizon. When the decision structure is also hierarchical, the Stackelberg solution concept can be used to model the decision structure. In this paper the open loop and feedback Stackelberg strategies for such a game are derived and an application is given in the form of a small linked econometric model for the Common Market.

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References

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  4. de Zeeuw, Aart J., “Stackelberg Solutions in Macro-econometric Policy Models with a Decentralized Decision Structure I”, Research Memorandum FEW 84, Tilburg University, June 1979.

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  5. de Zeeuw, Aart J., “... II”, Research Memorandum FEW 86, Tilburg University, November 1979.

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Authors and Affiliations

  1. Department of Econometrics, Tilburg University, P.O. Box 90135, 5000 LE, Tilburg, the Netherlands

    Aart J. de Zeeuw

Authors
  1. Aart J. de Zeeuw
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Editor information

K. Iracki K. Malanowski S. Walukiewicz

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© 1980 Springer-Verlag

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de Zeeuw, A.J. (1980). Stackelberg solutions in macroeconometric policy models with a decentralized decision structure. In: Iracki, K., Malanowski, K., Walukiewicz, S. (eds) Optimization Techniques. Lecture Notes in Control and Information Sciences, vol 22. Springer, Berlin, Heidelberg. https://doi.org/10.1007/BFb0036395

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  • DOI: https://doi.org/10.1007/BFb0036395

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  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-540-10080-5

  • Online ISBN: 978-3-540-38248-5

  • eBook Packages: Springer Book Archive

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