Limit policies in N-sector dynamic growth games with externalities
نویسندگان
چکیده
We examine an economy with n production sectors that interact via a production externality We nd a solution to the resulting dynamic di erential 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 ine cient and depending on the sign of the externality between sectors the ine ciency is due to over or under consumption
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ورودعنوان ژورنال:
- ADS
دوره 1 شماره
صفحات -
تاریخ انتشار 1997