Accession Number : AD0671777

Title :   FISCAL POLICY, MATHEMATICAL PROGRAMMING AND TWO-PERSON ZERO-SUM GAME THEORY.

Descriptive Note : Research memo.,

Corporate Author : PRINCETON UNIV N J ECONOMETRIC RESEARCH PROGRAM

Personal Author(s) : Schleicher,Heinz A.

Report Date : MAR 1968

Pagination or Media Count : 45

Abstract : Various techniques of mathematical programming are applied to a simple fiscal policy problem. First the problem is stated as a linear program. Then the decomposition principle is applied to a decentralized version of the fiscal policy problem. The equivalence of a linear programming formulation of the problem and the formulation as a two-person zero-sum game is shown. Finally, the rate of change of the value of the game is investigated. The linear program is cast into dynamic programming formulation in an appendix. Eventually the coefficients of the constraints are assumed to be stochastic. (Author)

Descriptors :   (*ECONOMICS, UNITED STATES GOVERNMENT), (*MATHEMATICAL PROGRAMMING, ECONOMICS), LINEAR PROGRAMMING, DYNAMIC PROGRAMMING, STOCHASTIC PROCESSES, MATHEMATICAL MODELS, GAME THEORY, MANAGEMENT PLANNING AND CONTROL, OPTIMIZATION, RANDOM VARIABLES, EMPLOYMENT, THEOREMS

Subject Categories : Economics and Cost Analysis
      Operations Research

Distribution Statement : APPROVED FOR PUBLIC RELEASE