COWLES FOUNDATION FOR RESEARCH IN
ECONOMICS Box 208281
COWLES FOUNDATION DISCUSSION PAPER NO. 1681 Financial Control of a Competitive Economy without Randomness I. Karatzas, M. Shubik, and W.D. Sudderth October 2008 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. |
