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      A genetic game of trade, growth and externalities

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      Author
      Alemdar, N. M.
      Özyıldırım, S.
      Date
      1998
      Source Title
      Journal of Economic Dynamics and Control
      Print ISSN
      0165-1889
      Publisher
      Elsevier BV
      Volume
      22
      Issue
      6
      Pages
      811 - 832
      Language
      English
      Type
      Article
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      Abstract
      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. Non-cooperative 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. © 1998 Elsevier Science B.V. All rights reserved.
      Keywords
      Externalities
      Genetic algorithms
      North/South dynamic trade game
      Permalink
      http://hdl.handle.net/11693/25451
      Published Version (Please cite this version)
      https://doi.org/10.1016/S0165-1889(97)00102-4
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      • Department of Economics 649
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