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Economic Evolution and Equilibrium

- Bridging the Gap

Bag om Economic Evolution and Equilibrium

This work uses various model frameworks to study the evolution of equilibria in an open loop evolving economy in which the model characteristics evolve without any directional restrictions except for continuity. Applying mathematical methods, it is shown that equilibria can always be adapted in a piecewise gradual, non bang-bang way.

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  • Sprog:
  • Engelsk
  • ISBN:
  • 9783540686620
  • Indbinding:
  • Paperback
  • Sideantal:
  • 272
  • Udgivet:
  • 7. maj 2007
  • Udgave:
  • 2007
  • Størrelse:
  • 234x156x15 mm.
  • Vægt:
  • 439 g.
  • 8-11 hverdage.
  • 13. december 2024
Forlænget returret til d. 31. januar 2025

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Beskrivelse af Economic Evolution and Equilibrium

This work uses various model frameworks to study the evolution of equilibria in an open loop evolving economy in which the model characteristics evolve without any directional restrictions except for continuity. Applying mathematical methods, it is shown that equilibria can always be adapted in a piecewise gradual, non bang-bang way.

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