Economic Evolution and Equilibrium

theory, which formalizes a dynamic economic system as a system of difference,
or differential, equations. There equilibria mean 'equilibrium trajectories' of the
whole evolution that, in a certain sense, are optimal. A particularly unsatisfactory
 ...

Economic Evolution and Equilibrium

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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Economic Evolution and Equilibrium
Language: en
Pages: 272
Authors: Marco Lehmann-Waffenschmidt
Categories: Business & Economics
Type: BOOK - Published: 2007-06-10 - Publisher: Springer Science & Business Media

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.
An Evolutionary Theory of Economic Change
Language: en
Pages: 454
Authors: Richard R. Nelson
Categories: Business & Economics
Type: BOOK - Published: 2009-06 - Publisher: Harvard University Press

This book contains the most sustained and serious attack on mainstream, neoclassical economics in more than forty years. Nelson and Winter focus their critique on the basic question of how firms and industries change overtime. They marshal significant objections to the fundamental neoclassical assumptions of profit maximization and market equilibrium,
The WTO and Economic Development
Language: en
Pages: 376
Authors: Ben Zissimos
Categories: Business & Economics
Type: BOOK - Published: 2019-12-17 - Publisher: MIT Press

Economists offer rigorous quantitative analyses of how the institutional design and purpose of the WTO (and its progenitor, the GATT) affect economic development. The World Trade Organization (WTO) was established partly to support economic development in developing countries through international trade. This goal has been elusive, with some questioning the
Economic Bulletin
Language: en
Pages:
Authors: Ben Zissimos
Categories: Economic history
Type: BOOK - Published: 2001 - Publisher:

Books about Economic Bulletin
Economic Computation and Economic Cybernetics Studies and Research
Language: en
Pages:
Authors: Ben Zissimos
Categories: Cybernetics
Type: BOOK - Published: 1984 - Publisher:

Books about Economic Computation and Economic Cybernetics Studies and Research

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