Sequential Equilibria in a Ramsey Tax Model
完整刻画了拉姆齐税收模型的均衡价值集，并开发了一种动态规划方法，用于分析政府与连续统家庭之间的政策博弈，通过将欧拉条件纳入战略动态规划框架，简化了问题求解。
This paper presents a full characterization of the equilibrium value set of a Ramsey tax model. More generally, it develops a dynamic programming method for a class of policy games between the government and a continuum of households. By selectively incorporating Euler conditions into a strategic dynamic programming framework, we wed two technologies that are usually considered competing alternatives, resulting in a substantial simplification of the problem.