Dynamic Incentive Structures and Industrial Policy

Industrial Policy and Growth

Introduction The paper will review the impact of industrial policy on growth in developing countries from the 1960s until the present. This is a propitious time to conduct such an assessment. Within policy-making and academic circles, extremely critical views of state intervention in general, and industrial policy in particular, are no longer as dominant, and have given way to more nuanced appr...

[Development, health-industrial complex and industrial policy].

This paper puts health questions within the context of national development and industrial policy. It follows the idea of structuralist, Marxist and Schumpeterian approaches, in which industry and innovations form determining factors for the dynamism in capitalist economies and relative positions within the world economy. All countries that have developed and started to compete under better con...

Industrial Policy

Social discounting and incentive compatible fiscal policy

This paper considers a Ramsey model of linear capital and labor income taxation in which the government cannot commit ex-ante to a sequence of policies for the future. In this setup, if the government is more impatient than the government, the capital income tax will always be positive in steady state. Thus, impatience and lack of commitment are able to generate positive capital taxes in the lo...

Dynamic Incentive Mechanisms

Much of AI is concerned with the design of intelligent agents. A complementary challenge is to understand how to design “rules of encounter” (Rosenschein and Zlotkin 1994) by which to promote simple, robust and beneficial interactions between multiple intelligent agents. This is a natural development, as AI is increasingly used for automated decision making in real-world settings. As we extend ...