Economic Evolution and Equilibrium: Bridging the Gap (Lecture Notes in Economics and Mathematical Systems, 591)
Language: English
Published by Springer, 2007
- Softcover
- New
Condition: New
US$ 20.00
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- Title
- Economic Evolution and Equilibrium: Bridging the Gap (Lecture Notes in Economics and Mathematical Systems, 591)
- Author
- Lehmann-Waffenschmidt, Marco
- Publisher
- Springer
- Publication year
- 2007
- Condition
- New
- Binding
- Soft cover
- Language
- English
- ISBN 10
- 3540686622
- ISBN 13
- 9783540686620
- Item weight
- 1.4 pounds
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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