It is widely known that dynamic game techniques are useful to analyze the principles of decision making in situations involving two or more players with conflicting interests. The paper reviews dynamic game techniques to examine whether the methods could be applicable to regional policy coordination. For this purpose, dynamic game techniques are applied to a symmetric two-region model that describes the relationship between the benefits and the costs of economic growth for both of the regions. In a cooperative game, each region forms a common goal, which is the minimization of the weighted sum of all the regions' welfare costs. In a non-cooperative game, each region independently pursues the minimization of its own welfare cost instead of aiming to achieve a common goal. The policy coordination rules are obtained as feedback solutions to calculate the welfare cost of each region. Depending upon the structure and the specific parameter values of the underlying model in a dynamic game, the total welfare gain could be distributed differently to each region. In a dynamic game framework, it is difficult to gain much insight into the theoretical implication of how the total gains would be distributed to each region. Numerical procedures are therefore employed to evaluate the rules and their welfare differences. In our experiment, the structure and the estimated parameter values of the underlying model lead to the distribution of the total welfare gain in such a way that the Nash equilibrium imposes a better welfare implication to the Region 1 than the cooperative equilibrium does. In this case, it is advised that the government should intervene the policy coordination process based on a carefully designed compensation mechanism.
목차
Abstract Ⅰ. 서론 Ⅱ. 동태적 게임기법의 개관 1. 확장형식의 동태적 게임 2. 내쉬게임의 균형 해 3. 협조적 게임의 균형 해 Ⅲ. 수치실례 1. 모형 2. 정책협력 실험 Ⅳ. 결론 < 참고문헌 >
키워드
Words: dynamic gameNash equilibriumcooperative equilibriumfeedback solutionsgains from regional policy coordination
한국지역경제학회 [The Korea Regional Economic Association]
설립연도
1985
분야
사회과학>경제학
소개
본 학회는 우리 나라 지역경제의 발전과 지방산업의 고도화과정에서 당면하고 있는 제반 정책과제를 조사 분석하여 이의 대응책을 수립, 관계기관에 건의하고 지방자치단체 및 지방공사기업의 경영 및 과학적 관리기법을 연구 및 지도함으로써 지방경제의 균형적 발전과 국가경제발전에 기여함을 목적으로 한다.
간행물
간행물명
한국지역경제연구 [Journal of the Korean Regional Economics]