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Respond to the question: Economic Development Game Theory?

10/01/2002 08:58 AM by Danny L. Newton; Economic Development & Game Theory
Has anyone made the connection between State Economic Development Policy and Game Theory? I have been looking at data from Texas, Tennessee, Mississippi and Kentucky and find virtually no difference in the rate of per capita income in spite of vastly different Economic Development policies and tax structures. The amount spent and the length of time doing it do not seem to matter either. In some ways,it is an job auction, but only with qualified participants. Proponents claim that non players will be damaged. I suspect that any successful strategy would be soon emmulated and the advantage of a single successful strategy would be lost or neutralized, thus producing the classic Nash Equilibrium. This seems to be a game that produces hope more than measurable results. If so, how does one maximize that equilibrium? [Manage messages]