Álvarez González, FranciscoDeissenberg, Christophe2023-06-212023-06-212001b19839662https://hdl.handle.net/20.500.14352/64463JEL classification: C69, C79, E5Se presenta un juego repetido que modeliza la interacción entre un gobierno optimizador y el sector privado, representado por un continuo de agentes heterogéneos y atomísticos. Abstract: This paper presents a simple repeated-game model of interaction between an optimizing government and the private sector. Two polar cases are considered: (a) the private sector is represented by a single agent; and (b) there is a continuum of heterogenous atomistic private agents. In both cases, the government starts each repetition by making a non-binding announcement about its future actions. The players have complete and perfect information, with one exception: the private agents do not know whether or not the government will act as announced. Thus, each private agent i either behaves with probability πi as if it trusted the announcement, or plays with probability 1 − πi as a Stackelberg leader. After observing the reaction of the private sector, the governmentengtechnical reporthttps://www.ucm.es/icaeopen accessMacroeconomíaGobierno optimizadorSector privado