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Strategic Aspects of International Lending and Borrowing: A Two-Country Dynamic Game Model
http://hdl.handle.net/10086/13816
http://hdl.handle.net/10086/138167d3765da-d317-4798-b460-c2ffd5240151
| 名前 / ファイル | ライセンス | アクション |
|---|---|---|
DP216.pdf (991008 bytes)
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| アイテムタイプ | デフォルトアイテムタイプ（フル）その２(1) | |||||||||||
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| 公開日 | 2017-05-20 | |||||||||||
| タイトル | ||||||||||||
| タイトル | Strategic Aspects of International Lending and Borrowing: A Two-Country Dynamic Game Model | |||||||||||
| 言語 | en | |||||||||||
| 作成者 |
深尾, 京司
× 深尾, 京司
NRID
1000030173305
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| 寄与者 | ||||||||||||
| 寄与者タイプ | Editor | |||||||||||
| 姓名 | Institute of Economic Research, Hitotsubashi University | |||||||||||
| 言語 | en | |||||||||||
| アクセス権 | ||||||||||||
| アクセス権 | open access | |||||||||||
| アクセス権URI | http://purl.org/coar/access_right/c_abf2 | |||||||||||
| 内容記述 | ||||||||||||
| 内容記述タイプ | Other | |||||||||||
| 内容記述 | Bibliography: p. 33-34 | |||||||||||
| 言語 | en | |||||||||||
| 内容記述 | ||||||||||||
| 内容記述タイプ | Abstract | |||||||||||
| 内容記述 | This paper is consideration of strategic aspects of national saving policies in a game theory setting. In pure exchange economy involving two countries, each government chooses a future time path of the national consumption-wealth ratio in order to maximize its citizens' utility. When private time preference rates of two countries are different, the government of the country with the lower time preference rate has an incentive to slow down the national asset accumulation. The government of the higher time preference rate country has an incentive to slow down the national asset reduction. In Cournot-Nash equilibria of this dynamic game, international capital flows are depressed as compared with competitive equilibria, which are Pareto-optimal. It is shown that the governments achieve the Cournot-Nash equilibrium path of consumption-wealth ratio using a set of taxes and subsidies. A large country intervenes into the market more than a small one. In this sense, a large country exploits a small one. Dynamics of world interest rates are also analyzed. | |||||||||||
| 出版者 | ||||||||||||
| 出版者 | Institute of Economic Research, Hitotsubashi University | |||||||||||
| 日付 | ||||||||||||
| 日付 | 1990-01 | |||||||||||
| 日付タイプ | Issued | |||||||||||
| 言語 | ||||||||||||
| 言語 | eng | |||||||||||
| 資源タイプ | ||||||||||||
| 資源タイプ識別子 | http://purl.org/coar/resource_type/c_18gh | |||||||||||
| 資源タイプ | technical report | |||||||||||
| 出版タイプ | ||||||||||||
| 出版タイプ | VoR | |||||||||||
| 出版タイプResource | http://purl.org/coar/version/c_970fb48d4fbd8a85 | |||||||||||
| 関連情報 | ||||||||||||
| 関連タイプ | isPartOf | |||||||||||
| 関連名称 | Discussion paper series. A ; No. a216 | |||||||||||
| 収録物識別子 | ||||||||||||
| 収録物識別子タイプ | NCID | |||||||||||
| 収録物識別子 | AA11476336 | |||||||||||
| ページ数 | ||||||||||||
| ページ数 | 38 | |||||||||||
