THE POLITICAL BUSINESS CYCLE UNDER THE MINIMUM TIME OBJECTIVE

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概要

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• A modified version of the Nordhaus model of the political business cycle is analysed under the assumption that the government's objective is to get reelected with a given (increased) majority in the minimum time possible. The problem is modelled as a time-optimal control problem and some results from the time-optimal control literature are given. Applicability of this type of analysis to other policy problems is briefly discussed.

• 慶應義塾大学の論文

著者

• Chappell David

  University Of Sheffield

関連論文

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• THE PASINETTI-SAMUELSON-MODIGLIANI MODEL AS A TWO-PERSON NONZERO-SUM DIFFERENTIAL GAME
• THE POLITICAL BUSINESS CYCLE UNDER THE MINIMUM TIME OBJECTIVE

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