In this paper, we provide a survey of dynamic game theory with special emphasis on past and possible future applications to problems of international economic policy making, where we concentrate on macroeconomic and stabilization policy problems. First, the paper gives a brief introduction to the theory of dynamic games. Next, we show by example that dynamic game theory can provide insights int...

Economists were interested in economic stabilization policies as early as the 1930’s but the formal applications of stability theory from the classical control theory to economic analysis appeared in the early 1950’s when a number of control engineers actively collaborated with economists on economic stability and feedback mechanisms. The theory of optimal control resulting from the contributio...

4 Humans are increasingly altering the Earth’s surface, and affecting processes that shape and 5 reshape landscapes. In many cases, humans are reacting to landscape-change processes that 6 represent natural hazards. Thus, the landscape is reacting to humans who are reacting to the 7 landscape. When the timescales for landscape change are comparable to those of human 8 dynamics, human and ‘natur...

Fly ash is a waste produced in coal-fired thermal power stations. It has pozzolanic properties and can therefore be stabilized to achieve higher strength and durability required for use as pavement substructure specifically as subbase or base layer material. The stabilization of fly ash can be achieved by adding either cement, lime or other materials. Stabilization of fly ash with available ind...

Governments often use multiple policy instruments for pursuing policy goals with mutually reinforcing eff ects. Th ese eff ects include supplementation and substitution. Th is article examines both eff ects by studying two instruments of state budget stabilization policy: general fund balances and budget stabilization funds. States normally maintain budget surpluses in the general fund. In rece...

Vertical Take-Off and Landing (VTOL) capable Mini Unmanned Aerial Vehicles (MUAV) are an economic alternative to real helicopters if local aerial pictures or other aerial measurements are needed. With electronic stabilization, GPS based position-hold and autonomous way-point functions these systems are easy to operate. While autonomous take off and flying are done routinely, this is not true fo...

In the context of a heterogeneous monetary union, this paper tries to identify an optimal level of coordination between economic policies that would be able to offset the effects of shocks hitting the economy. We consider that a variable geometry coordination between economic policies can be profitable in terms of stabilization. Therefore, we take into account an intermediate coordination betwe...

We assess the future of coal under alternative climate stabilization regimes, investigating how the quantity and location of future coal production, trade and use depends upon five factors: the supply-side constraint of resource depletion, diversification and deepening of international trade, economic growth, trends in energy intensity, and the availability of coal-fired carbon-free electric ge...