USE OF GAMES IN ECONOMIC ANALYSIS

Abstract

A new econometric model structure is discussed. The two goals underlying its development are: (1) to find a structure which could handle situations involving the results of interaction of large numbers of simple elements over time under a centralized control; (2) to find a structure which is reasonably computable so that various control policies could be tested and compared. The presentation of the structure is divided into three parts: first, its motivation from the point of view of the operations analyst, of the economist and of the mathematicians; second, a brief description of it, and third; a discussion of two examples: a model of a complete economy,AND A MODEL OF AN INDUSTRIAL ESTABLISHMENT.

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Document Details

Document Type
Technical Report
Publication Date
Jun 17, 1954
Accession Number
AD0293682

Entities

People

  • Frederick B. Thompson

Organizations

  • RAND Corporation

Tags

DTIC Thesaurus Topics

  • Computers
  • Corporations
  • Economic Analysis
  • Equations
  • Government Procurement
  • Governments
  • Inventions
  • Motivation
  • Procurement
  • Specifications
  • Transportation
  • Virginia

Fields of Study

  • Economics

Readers

  • East Asian Political and Security Studies within the Soviet Union
  • Theoretical Analysis.