The monetary and ﬁscal control of a simple economy without outside randomness is studied here from the micro-economic basis of a strategic market game. The government’s bureaucracy is treated as a public good that provides services at a cost. A conventional public good is also considered.
Karatzas, Ioannis; Shubik, Martin; and Sudderth, William D., "Financial Control of a Competitive Economy without Randomness" (2008). Cowles Foundation Discussion Papers. 1995.