Document Type
Discussion Paper
Publication Date
9-1-2008
CFDP Number
1681
CFDP Pages
31
Abstract
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.
Recommended Citation
Karatzas, Ioannis; Shubik, Martin; and Sudderth, William D., "Financial Control of a Competitive Economy without Randomness" (2008). Cowles Foundation Discussion Papers. 1995.
https://elischolar.library.yale.edu/cowles-discussion-paper-series/1995