On Optimal Economic Policy Making Using Stochastic Methods
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In agrarian cconom1es the success of new agricultural technologies depends on the
appropriateness of policy combinations implemented by these governments In this paper
different methods to optimise the related policy-mix are outlined in brief Using the results
of an econometric model the goal-seeking method of the SAS package has been applied to
deterministically obtain optimal policy
Lastly the techniques of equilibrium programming arc used to derive an equilibrium
(optimal) strategy for the associated non-zero sum stochastic game between two players