New Trends In Dynamic System Theory And Economics

Author : Masanao Aoki
Publisher : Elsevier
Page : 425 pages
File Size : 47,6 Mb
Release : 1979-01-28
Category : Technology & Engineering
ISBN : 9780323140799

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New Trends In Dynamic Systems Theory And Economics by Masanao Aoki Pdf

New Trends in Dynamic System Theory and Economics contains selected papers presented at a two-week seminar on New Trends in Dynamic System Theory and Economics held at the International Center for Mechanical Sciences in Udine, Italy, on September 12-23, 1977. Contributors discuss recent trends in the application of dynamic system theory in economic analysis, paying particular attention to information patterns and uncertainty, optimal control theory and its application, and disequilibrium analysis. This book is divided into three sections and consists of 20 chapters. Decision problems of agents with different or imperfect information or under uncertainty are first discussed. This section gives a detailed analysis of the properties of Nash and Stackelberg equilibria in dynamic games under several different information patterns. Consideration is also given to microdecision problems of individual agents, macroeconomic stabilization of an uncertain dynamic economy, and the uncertainty of parameter values. The chapters that follow focus on recent advances in optimal control theory and application of control theory. Disequilibrium analysis of a macroeconomic model is presented, along with the dynamics of disequilibria of a macroeconomic model with flexible wages and prices. A generalization of Pareto optimality is used to discuss the connection between the optimality and stability problems in a general setting. The last three chapters explore ""modern"" approaches to tâtonnement processes. This book will be of interest to students and practitioners of applied mathematics and econometrics.

Author : Masanao Aoki,Angelo Marzollo
Publisher : New York : Academic Press
Page : 444 pages
File Size : 42,5 Mb
Release : 1979
Category : Business & Economics
ISBN : STANFORD:36105035490338

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New Trends in Dynamic System Theory and Economics by Masanao Aoki,Angelo Marzollo Pdf

Author : Masanao Aoki
Publisher : Unknown
Page : 412 pages
File Size : 41,7 Mb
Release : 1979
Category : Electronic
ISBN : 0120588609

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New Trends in dynamic system theory and economics by Masanao Aoki Pdf

Author : Masanao Aoki,Angelo Marzollo
Publisher : New York : Academic Press
Page : 442 pages
File Size : 42,8 Mb
Release : 1979
Category : Business & Economics
ISBN : UCAL:B4355771

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New Trends in Dynamic System Theory and Economics by Masanao Aoki,Angelo Marzollo Pdf

Author : Anonim
Publisher : Unknown
Page : 0 pages
File Size : 42,9 Mb
Release : 1979
Category : Electronic
ISBN : OCLC:1414933768

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New Trends in Dynamic System Theory and Economics by Anonim Pdf

Author : David F. Batten,Paul F. Lesse
Publisher : Routledge
Page : 216 pages
File Size : 44,7 Mb
Release : 2018-02-28
Category : Business & Economics
ISBN : 9781351141079

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New Mathematical Advances in Economic Dynamics by David F. Batten,Paul F. Lesse Pdf

Originally published in 1985. Mathematical methods and models to facilitate the understanding of the processes of economic dynamics and prediction were refined considerably over the period before this book was written. The field had grown; and many of the techniques involved became extremely complicated. Areas of particular interest include optimal control, non-linear models, game-theoretic approaches, demand analysis and time-series forecasting. This book presents a critical appraisal of developments and identifies potentially productive new directions for research. It synthesises work from mathematics, statistics and economics and includes a thorough analysis of the relationship between system understanding and predictability.

Author : Carlo Carraro,D. Sartore
Publisher : Springer Science & Business Media
Page : 355 pages
File Size : 46,6 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9789400934955

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Developments of Control Theory for Economic Analysis by Carlo Carraro,D. Sartore Pdf

Giovanni Castellani Rector of the University of Venice This book contains the Proceedings of the Conference on "Economic Policy and Control Theory" which was held at the University of Venice (Italy) on 27 January-l February 1985. The goal of the Conference was to survey the main developments of control theory in economics, by emphasizing particularly new achievements in the analysis of dynamic economic models by con trol methods. The development of control theory is strictly related to the development of science and technology in the last forty years. Control theory was indeed applied mainly in engineering, and only in the sixties economists started using control methods for analys ing economic problems, even if some preliminary economic applica tions of calculus of variations, from which control theory was then developed, date back to the twenties. Applications of control theory in economics also had to solve new, complicated, problems, like those encountered in optimal growth models, or like the determination of the appropriate inter temporal social welfare function, of the policy horizon and the relative final state of the system, of the appropriate discount factor. Furthermore, the uncertainty characterizing economic models had to be taken into account, thus giving rise to the development of stochastic control theory in economics.

Author : Hans-Walter Lorenz
Publisher : Springer Science & Business Media
Page : 330 pages
File Size : 41,5 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9783642783241

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Nonlinear Dynamical Economics and Chaotic Motion by Hans-Walter Lorenz Pdf

Usually, the first edition of a book still contains a multiplicity of typographic, con ceptional, and computational errors even if one believes the opposite at the time of publication. As this book did not represent a counterexample to this rule, the current second edition offers a chance to remove at least the known shortcomings. The book has been partly re-organized. The previously rather long Chapter 4 has been split into two separate chapters dealing with discrete-time and continuous time approaches to nonlinear economic dynamics. The short summary of basic properties of linear dynamical systems has been banned to an appendix because the line of thought in the chapter seems to have been unnecessarily interrupted by these technical details and because the book concentrates on nonlinear systems. This appendix, which mainly deals with special formal properties of dynamical sys tems, also contains some new material on invariant subspaces and center-manifold reductions. A brief introduction into the theory of lags and operators is followed by a few remarks on the relation between the 'true' properties of dynamical systems and their behavior observable in numerical experiments. Additional changes in the main part of the book include a re-consideration of Popper's determinism vs. inde terminism discussion in the light of chaotic properties of deterministic, nonlinear systems in Chapter 1. An investigation of a simultaneous price-quantity adjustment process, a more detailed inquiry into the uniqueness property of limit cycles, and a short presentation of relaxation oscillations are included in Chapter 2.

Author : Tamer Basar,Geert Jan Olsder
Publisher : SIAM
Page : 534 pages
File Size : 40,9 Mb
Release : 1999-01-01
Category : Mathematics
ISBN : 1611971136

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Dynamic Noncooperative Game Theory by Tamer Basar,Geert Jan Olsder Pdf

Recent interest in biological games and mathematical finance make this classic 1982 text a necessity once again. Unlike other books in the field, this text provides an overview of the analysis of dynamic/differential zero-sum and nonzero-sum games and simultaneously stresses the role of different information patterns. The first edition was fully revised in 1995, adding new topics such as randomized strategies, finite games with integrated decisions, and refinements of Nash equilibrium. Readers can now look forward to even more recent results in this unabridged, revised SIAM Classics edition. Topics covered include static and dynamic noncooperative game theory, with an emphasis on the interplay between dynamic information patterns and structural properties of several different types of equilibria; Nash and Stackelberg solution concepts; multi-act games; Braess paradox; differential games; the relationship between the existence of solutions of Riccati equations and the existence of Nash equilibrium solutions; and infinite-horizon differential games.

Author : Pan-Tai Liu
Publisher : Springer Science & Business Media
Page : 273 pages
File Size : 47,5 Mb
Release : 2013-03-09
Category : Science
ISBN : 9781468435726

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Dynamic Optimization and Mathematical Economics by Pan-Tai Liu Pdf

As an outgrowth of the advancement in modern control theory during the past 20 years, dynamic modeling and analysis of economic systems has become an important subject in the study of economic theory. Recent developments in dynamic utility, economic planning, and profit optimiza tion, for example, have been greatly influenced by results in optimal control, stabilization, estimation, optimization under conflicts, multi criteria optimization, control of large-scale systems, etc. The great success that has been achieved so far in utilizing modern control theory in economic systems should be attributed to the effort of control theorists as well as economists. Collaboration between the two groups of researchers has proven to be most successful in many instances; nevertheless, the gap between them has existed for some time. Whereas a control theorist frequently sets up a mathematically feasible model to obtain results that permit economic interpretations, an economist is concerned more with the fidelity of the model in representing a real world problem, and results that are obtained (through possibly less mathematical analysis) are due largely to economic insight. The papers appearing in this volume are divided into three parts. In Part I there are five papers on the application of control theory to economic planning. Part II contains five papers on exploration, exploita tion, and pricing of extractive natural resources. Finally, in Part III, some recent advances in large-scale systems and decentralized control appear.

Author : Anonim
Publisher : Springer
Page : 7493 pages
File Size : 47,5 Mb
Release : 2016-05-18
Category : Law
ISBN : 9781349588022

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The New Palgrave Dictionary of Economics by Anonim Pdf

The award-winning The New Palgrave Dictionary of Economics, 2nd edition is now available as a dynamic online resource. Consisting of over 1,900 articles written by leading figures in the field including Nobel prize winners, this is the definitive scholarly reference work for a new generation of economists. Regularly updated! This product is a subscription based product.

Author : David W.K. Yeung,Leon A. Petrosyan
Publisher : Springer Science & Business Media
Page : 403 pages
File Size : 54,8 Mb
Release : 2011-12-06
Category : Mathematics
ISBN : 9780817682613

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Subgame Consistent Economic Optimization by David W.K. Yeung,Leon A. Petrosyan Pdf

Various imperfections in existing market systems prevent the free market from serving as a truly efficient allocation mechanism, but optimization of economic activities provides an effective remedial measure. Cooperative optimization claims that socially optimal and individually rational solutions to decision problems involving strategic action over time exist. To ensure that cooperation will last throughout the agreement period, however, the stringent condition of subgame consistency is required. This textbook presents a study of subgame consistent economic optimization, developing game-theoretic optimization techniques to establish the foundation for an effective policy menu to tackle the suboptimal behavior that the conventional market mechanism fails to resolve.

Author : E. O. Roxin
Publisher : CRC Press
Page : 468 pages
File Size : 40,7 Mb
Release : 1989-07-28
Category : Mathematics
ISBN : 0824781686

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Modern Optimal Control by E. O. Roxin Pdf

Author : Jean-Pascal Benassy
Publisher : Academic Press
Page : 265 pages
File Size : 45,6 Mb
Release : 2014-05-10
Category : Political Science
ISBN : 9781483259925

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Macroeconomics by Jean-Pascal Benassy Pdf

"Macroeconomics" builds a number of macroeconomic models applying the non-Walrasian methodology. The literature on the subject has grown so rapidly in recent years that it would be unreasonable to try to give an exhaustive account of all existing models in the field. We have thus chosen to present here some models that cover as large a number of questions as possible within a simple and unified framework. We also want to bridge the gap with traditional macroeconomics while extending the analysis on various points, which be investigated by purposely making each time the simplest possible assumptions about the formation of the various prices (or, when needed, expectations) involved. This will allow us to demonstrate in a straightforward manner the synthetic qualities of the theory, both by making a natural synthesis with traditional macroeconomics, where similar simple assumptions are made, and by treating a large number of topics while using throughout a very unified macroframework.

Author : Larry Samuelson
Publisher : Springer Science & Business Media
Page : 290 pages
File Size : 48,5 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9789400942196

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Microeconomic Theory by Larry Samuelson Pdf

It is often said that everyone understands precisely what is meant by the notion of probability-except those who have spent their lives studying the matter. Upon close scrutiny, the intuitively obvious idea of probability becomes quite elusive. Is it a subjective or objective concept? Are random variables simply improperly measured deterministic variables, or inherently random? What is meant by the phrase "other things held constant" that often appears in descriptions of probability? These questions involve fundamental philosophical and scientific issues, and promise to elude definitive answers for some time. The same type of difficulty arises when attempting to produce a volume on microeconomic theory. The obvious first question-what is microeconomic theory?--