Nonlinear Economic Dynamics

• Author : Tönu Puu,Anastesiia Panchuk
• Publisher : Nova Science Pub Incorporated
• Release : 20 April 2021

This book focuses on recent advances made in the field of non-linear dynamic modelling in economics. Mathematically, linearity is a very special kind of relation between variables chosen to the purpose of simplification. Even in physics linear modelling of dynamical systems was a first choice for quite some time, due to convenience in analysis, as exemplified by the acceleration law, the harmonic oscillator, the wave equation, and the like. The methods of analysis were simply developed to the ease of

• Author : Roberto Dieci,Xue-Zhong He,Cars Hommes
• Publisher : Springer
• Release : 26 July 2014

This book reflects the state of the art on nonlinear economic dynamics, financial market modelling and quantitative finance. It contains eighteen papers with topics ranging from disequilibrium macroeconomics, monetary dynamics, monopoly, financial market and limit order market models with boundedly rational heterogeneous agents to estimation, time series modelling and empirical analysis and from risk management of interest-rate products, futures price volatility and American option pricing with stochastic volatility to evaluation of risk and derivatives of electricity market. The book illustrates

• Author : Carl Chiarella
• Publisher : Springer Science & Business Media
• Release : 06 December 2012

Elements of a Nonlinear Theory of Economic Dynamics provides both a framework and a survey of its needs. First, principle results and techniques of the theory relevant to applications in dynamic economics are discussed, then their application in view of older endogenous cycle theories are considered in a unified mathematical framework. Models incorporating the government budget constraint and the Goodwin model are analysed using the method of averaging and the centre manifold theory. The dynamic instability problem is solved by

• Author : Sebastiano Manzan
• Publisher : Unknown
• Release : 20 April 2021

• Author : Abraham C.-L. Chian
• Publisher : Springer Science & Business Media
• Release : 17 August 2007

Statistical analysis of stock markets and foreign exchange markets has demonstrated the intermittent nature of economic time series. A nonlinear model of business cycles is able to simulate intermittency arising from order-chaos and chaos-chaos transitions. This monograph introduces new concepts of unstable periodic orbits and chaotic saddles, which are unstable structures embedded in a chaotic attractor and responsible for economic intermittency.

• Author : Hans-Walter Lorenz
• Publisher : Springer Science & Business Media
• Release : 06 December 2012

Usually, the first edition of a book still contains a multiplicity of typographic, con ceptional, and computational errors even if one believes the opposite at the time of publication. As this book did not represent a counterexample to this rule, the current second edition offers a chance to remove at least the known shortcomings. The book has been partly re-organized. The previously rather long Chapter 4 has been split into two separate chapters dealing with discrete-time and continuous time approaches to

• Author : John Stachurski
• Publisher : MIT Press
• Release : 20 April 2021

"Topics covered in detail include nonlinear dynamic systems, finite state Markov chains, stochastic dynamic programming, and stochastic stability and computation of equilibria. The models are predominantly nonlinear, and the emphasis is on studying nonlinear systems in their original form, rather than by means of rudimentary approximation methods such as linearization."--Pub. desc.

• Author : Alfredo Medio,Marji Lines
• Publisher : Cambridge University Press
• Release : 11 October 2001

Sample Text

• Author : Anonim
• Publisher : Unknown
• Release : 20 April 2021

• Author : William A. Brock
• Publisher : Edward Elgar Publishing
• Release : 01 January 2001

'Buz Brock's contribution to economic theory in general and economic dynamics in particular are characterized by an unmatched richness of ideas and by deep theoretical, empirical as well as computational analysis. Brock's contribution to economic dynamics range from one extreme of the field, global stability of stochastic optimal growth models, to another extreme, market instability and nonlinearity in economic and financial modelling and data analysis. But his work also includes environmental and economic policy issues and, more recently, the modelling

• Author : Jan Tuinstra
• Publisher : Springer Science & Business Media
• Release : 20 April 2021

This text considers a number of adjustment processes in different economic models and investigates their dynamical behaviour in order to approach the question of how economic equilibria are attained. The theory of non linear dynamics is used to analyze the dynamics of the different economic models.

• Author : Akio Matsumoto,Ferenc Szidarovszky,Toichiro Asada
• Publisher : Springer
• Release : 15 June 2018

This book reflects the state of the art in nonlinear economic dynamics, providing a broad overview of dynamic economic models at different levels. The wide variety of approaches ranges from theoretical and simulation analysis to methodological study. In particular, it examines the local and global asymptotical behavior of both macro- and micro- level mathematical models, theoretically as well as using simulation. It also focuses on systems with one or more time delays for which new methodology has to be developed

• Author : Giancarlo Gandolfo
• Publisher : Unknown
• Release : 20 April 1980

• Author : V. I. Arkin,Vadim Iosifovich Arkin,I. V. Evstigneev,E.A. Medova-Dempster
• Publisher : London : Academic Press
• Release : 20 April 1987

This book is devoted to a specific problem in the general theory of automatic control -- sequential control under conditions of incomplete information. The main results concern the case in which at each moment of (continuous) time only a finite number of controls are admissible and the results of control action are represented by realizations of random variables whose distributions at a given control correspond to one of several alternative hypotheses. The analysis is conducted in a Bayesian framework.

• Author : Gustav Feichtinger,R. F. Hartl
• Publisher : Unknown
• Release : 20 April 1992