A genetic game of trade, growth and externalities

被引:13
作者
Alemdar, NM [1 ]
Ozyildirim, S [1 ]
机构
[1] Bilkent Univ, Dept Econ, TR-06533 Bilkent, Ankara, Turkey
关键词
North/South dynamic trade game; genetic algorithms; externalities;
D O I
10.1016/S0165-1889(97)00102-4
中图分类号
F [经济];
学科分类号
02 ;
摘要
A genetic algorithm is introduced to search for optimal policies in the presence of knowledge spillovers and local pollution in a dynamic North/South trade game. Noncooperative trade compounds inefficiencies stemming from externalities. Cooperative trade policies are efficient and yet not credible. Short of a joint maximization of the global welfare, transfer of knowledge remains as a viable route to improve world welfare. (C) 1998 Elsevier Science B.V. All rights reserved.
引用
收藏
页码:811 / 832
页数:22
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