Title: Economic Dynamics with Memory: Fractional Calculus Approach (Fractional Calculus in Applied Sciences and Engineering, 8)
Publisher: De Gruyter
Publication Date: 2021
Language: English
ISBN 10: 3110624605
ISBN 13: 9783110624601
Binding: Hardcover
Condition: New

About this title

Synopsis

This book presents the applications of fractional calculus, fractional operators of non-integer orders and fractional differential equations in describing economic dynamics with long memory. Generalizations of basic economic concepts, notions and methods for the economic processes with memory are suggested. New micro and macroeconomic models with continuous time are proposed to describe the fractional economic dynamics with long memory as well.

About the Author

Vasily E. Tarasov, Valentina V. Tarasova, Lomonosov Moscow State University, Moscow, Russia

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