Accession Number : AD0680045
Title : A GAME THEORETIC APPROACH TO ECONOMIC GROWTH.
Descriptive Note : Research memo.,
Corporate Author : HEBREW UNIV JERUSALEM (ISRAEL) DEPT OF MATHEMATICS
Personal Author(s) : Peleg,Bazalel
Report Date : OCT 1968
Pagination or Media Count : 18
Abstract : The report discusses the problem of optimal saving using game-theoretic ideas and tools. A model is given with a quite general production function. Likewise the preferences of the various generations is permitted to be quite general utility functions. Then the model is analyzed from the point of view of the present generation. It is not assumed that the present generation controls in any manner the behavior of future generations. The author suggests as a solution for the optimal saving problem facing the present generation the Nash equilibrium points of the model. Then existence of equilibrium points is investigated under various conditions.
Descriptors : (*ECONOMICS, *GAME THEORY), MANAGEMENT PLANNING AND CONTROL, MATHEMATICAL MODELS, CONVEX SETS, OPTIMIZATION, TOPOLOGY, MONEY, ISRAEL
Subject Categories : Economics and Cost Analysis
Distribution Statement : APPROVED FOR PUBLIC RELEASE