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Optimal Control of Upstream Pollution under Asymmetric Information

โœ Scribed by Rudolf Kerschbamer; Nina Maderner


Book ID
110304254
Publisher
Springer
Year
2001
Tongue
English
Weight
136 KB
Volume
19
Category
Article
ISSN
0924-6460

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๐Ÿ“œ SIMILAR VOLUMES


Indicator variables for optimal policy u
โœ Lars E.O. Svensson; Michael Woodford ๐Ÿ“‚ Article ๐Ÿ“… 2004 ๐Ÿ› Elsevier Science ๐ŸŒ English โš– 402 KB

The optimal weights on indicators in models with partial information about the state of the economy and forward-looking variables are derived and interpreted, both for equilibria under discretion and under commitment. The private sector is assumed to have more information than the policymaker. Certa