Models of economic dynamics: proceedings Lecture notes in economics and mathematical systems; Vol. 264: Subseries: Institute for Mathematics and Its Applications, Minneapolis

Sonnenschein, Hugo [Hrsg.]:

ISBN 10: 3540160981 / ISBN 13: 9783540160984

Published by Berlin; Heidelberg; New York; Tokyo: Springer, 1986

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212 S. Das hier angebotene Buch stammt aus einer teilaufgelösten wissenschaftlichen Bibliothek und trägt die entsprechenden Kennzeichnungen (Rückenschild, Instituts-Stempel.). Buchschnitt und Seitenränder alters-/papierbedingt angebräunt; Der Buchzustand ist ansonsten ordentlich und dem Alter entsprechend gut. TABLE OF CONTENTS Dynamical Systems and Mathematical Economics 1 Donald G. Saari On Endogenous Competitive Business Cycles 25 Oean-Michel Grandmont Commentaries on the Grandmont Paper "Endogenous Competitive Business Cycles" 35 Daniel Goroff 35 Jose A. Scheinkman 36 Christopher Sims 3 7 Nell Wallace 40 Michael Woodford 41 On the Stability of the Tatonnement Approach to Competitive Equilibrium . 45 Leonid Hurwicz Notes on Price and Quantity Tatonnement Dynamics 49 Andreu Mas-Col ell A Price Adjustment Model with Infinitesimal Traders 69 H. Jerome Keisler A Revised Version of Samuel son's Correspondence Principle: Applications of Recent Results on the Asymptotic Stability of Optimal Control to the Problem of Comparing Long-Run Equilibrium 86 W.A. Brock Dynamic Implications of the Form of the Budget Constraint 117 Truman F. Bewley Comparative Statics for Multidimensional Optimal Stopping Problems 124 W.A. Brock and M. Rothschild The Cournot Problem with Bounded Memory Strategies 139 Yieh-Hei Wan Quantity Adjustment in an Arrow-Debreu-McKenzie Type Model 148 William Novshek and Hugo Sonnenschein Convergence of Myopic Firms to Long-Run Equilibrium via the Method of Characteristics 157 Philippe Artzner, Carl P. Simon, and Hugo Sonnenschein Special Problems Arising in the Study of Economies with Infinitely Many Commodities 184 Larry E. Jones Introduction to Expectations Equilibrium 206 Lawrence Blume and James Jordan Sprache: Englisch Gewicht in Gramm: 530.

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Bibliographic Details

• Title: Models of economic dynamics: proceedings Lecture notes in economics and mathematical systems; Vol. 264: Subseries: Institute for Mathematics and Its Applications, Minneapolis
• Publisher: Berlin; Heidelberg; New York; Tokyo: Springer
• Publication Date: 1986
• Language: English
• ISBN 10: 3540160981
• ISBN 13: 9783540160984
• Binding: Gebundene Ausgabe
• Condition: Gut
• Weight: 530 grams
• Seller catalogs:
  • 604 Wirtschaft

About this title

Synopsis

During the week of October 24-28, 1983, a group of mathematicians and eco- nomists met at the Institute for Mathematics and it Applications at the University of Minnesota. The workshop dealt with economic models in which time plays an essential role, and both the description of adjustment to a static equilibrium and the description of equilibrium paths were considered. From a mathematical point of view, discrete dynamical systems and the dynamics of ordi- nary and partial differential equations played a major role. The conference consisted of lectures by economists and by mathematicians which treated some of the principal ideas of economic dynamics. Donald Saari pro- vided some discrete dynamical systems background for a paper by Jean-Michel Grandmont on business cycles; the Grandmont paper was a major focus of the Workshop. Daniel Goroff, Jose Scheinkman, Christopher Sims. Neil Wallace. and Michael Woodford discussed the Grandmont paper after its presentation. The ideas of tatonnement were introduced by Leonid Hurwicz and extended by Andreu MasColell and H. Jerome Keisler. Four papers on economic dynamics follow (W. A. Brock, Truman Bewley. W. A. Brock and M. Rothschild and Yieh-Hei Wan). The remaining papers are devoted to issues of quantity and/or price adjustment (William Novshek and Hugo Sonnenschein. Phillipe Artzner. Carl Simon and Hugo Sonnenschein). equilibrium with a continuum of commodities (Larry Jones), and the adjustment of expectations (Lawrence Blume and James Jordan).