The policy bargaining model
Article Abstract:
A policy bargaining model has been used to analyze infinitely repeated games, under which players continuously compete to bargain for joint policies until an agreement has been reached. It has been determined that under such systems, the set of feasible alternatives is equal to the set of joint policies. It was also shown that under a non-linear Pareto frontier, players tend to encounter problems, which are somehow identical to policy bargaining problems.
Publication Name: The Journal of Mathematical Economics
Subject: Mathematics
ISSN: 0304-4068
Year: 1997
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Saddle-point dynamics in non-autonomous models of multisector growth with variable returns to scale
Article Abstract:
Conditions of a time-dependent biconvex production technology with non-constant returns to scale can also accomodate the model which simulates efficient capital accumulation paths of an expanding multisector economy that displays a catenary behavior around a von Neumann saddle-point turnpike. The model is posited on the basis that the economy's production possibilities are set in a time-free convex zone.
Publication Name: The Journal of Mathematical Economics
Subject: Mathematics
ISSN: 0304-4068
Year: 1997
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Cooperative production: a comparison of lower and upper bounds
Article Abstract:
Agreement between agents on production decisions is analyzed, using the concept of utility. Issues that need to be decided on include those relating to production costs, and allocation, as well as production levels.
Publication Name: The Journal of Mathematical Economics
Subject: Mathematics
ISSN: 0304-4068
Year: 1999
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