Optimal information structure in a simple economic system
In a highly simplified version of a common economic model, the planner can choose among alternative time-varying designs for the information structure in order to steer the system to a target state in an optimal way. The resulting problem is imbedded into a more general one with bilinear dynamics, t...
| Main Authors: | , , |
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| Format: | Journal article |
| Language: | English |
| Published: |
1979
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