On Optimal Economic Policy Making Using Stochastic Methods

In agrarian cconom1es the success of new agricultural technologies depends on the appropriateness of policy combinations implemented by these governments In this paper different methods to optimise the related policy-mix are outlined in brief Using the results of an econometric model the goal-seeking method of the SAS package has been applied to deterministically obtain optimal policy Lastly the techniques of equilibrium programming arc used to derive an equilibrium (optimal) strategy for the associated non-zero sum stochastic game between two players


Issue Date:
1995-02
Publication Type:
Conference Paper/ Presentation
Record Identifier:
http://ageconsearch.umn.edu/record/170870
PURL Identifier:
http://purl.umn.edu/170870
Total Pages:
23




 Record created 2017-04-01, last modified 2018-01-22

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