Strategy portfolio

Det(J)

symbol

Tr(J)

symbol

stability

Government review

(1, 1, 1)

R 2 F 1 C 1

+

F 1 + F 2 R 2

-

ESS

C 1 F 2

The government does not review

(1, 1, 0)

C 1 ( R 2 C 1 )

+

R 2

-

ESS

(0, 1, 0)

0

indefinite

R 2 F 1 C 1

-

Saddle point