Articles
Articles and analyses from the INET community on the key economic questions of our time.
Article
Game Theory: Too Much and Too Little?
In introducing game theory (in chapters 7-9), MWG build upon the theory of rational choice by individual agents, developed previously in the book to attempt to analyze (describe, explain, and even predict?) the interactions of such agents as well as the outcomes to which they give rise. In previous chapters, MWG discuss interactions only in the form of the arms-length interactions of numerous firms and consumers in specific markets (e.g. under ‘perfect competition’, in chapters 3 and 5).
Article
Thirteen Ways to Split a Cake*
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Helicopter money as a policy option
‘Helicopter money’ may in some circumstances be the only certain way to stimulate nominal demand