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Nonlinear models for economic decision processes

Author: Ionut Purica
Publisher: London : Imperial College Press ; Singapore ; Hackensack, NJ : Distributed by World Scientific, ©2010.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Database:WorldCat
Summary:
Using models, developed in one branch of science, to describe similar behaviors encountered in a different one, is the essence of a synergetic approach. A wide range of topics has been developed including Agent-based models, econophysics, socio-economic networks, information, bounded rationality and learning in economics, markets as complex adaptive systems - evolutionary economics, multiscale analysis and modeling,  Read more...
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Genre/Form: Electronic books
Additional Physical Format: Print version:
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Ionut Purica
ISBN: 9781848164277 1848164270 9781848164284 1848164289
OCLC Number: 667822740
Description: 1 online resource (viii, 168 pages) : illustrations
Contents: 1. Introduction : reasons for writing this book, a decision theory approach. 1.1. Introduction. 1.2. Why the structure of this book --
a decision theory approach --
2. Nonlinear models for the labour market. 2.1. Introduction. 2.2. Nonlinear models and examples for the labour market. 2.3. Conclusion --
3. Second order effects in population migration. 3.1. Nonlinear migration behaviour. 3.2. Cases of reverse migration. 3.3. A (not so) simple model. 3.4. Results. 3.5. Conclusion --
4. Cities : reactors for economic transactions. 4.1. Transaction environment. 4.2. Diffusion equation. 4.3. The reflector (Albedo). 4.4. Decrease in income. 4.5. Dynamic evolution equation. 4.6. Conclusion --
5. Considerations on the reform in the power sector (avoiding chaos in the path to an optimal market structure). 5.1. Introduction. 5.2. From power sector to power market. 5.3. Non-linear effects in market penetration. 5.4. Conclusion --
6. A model of non-linear dynamics in the implementation of decisions for the evolution of energy technologies. 6.1. Introduction. 6.2. Description of the model. 6.3. Criteria for energy development strategies. 6.4. An energy planner's perception of risks and benefits. 6.5. Numerical examples. 6.6. Energy policy and technological profile. 6.7. Perception of alternatives and strategic conduct --
7. Non-linear effects in knowledge production. 7.1. Implementation of new technologies. 7.2. Essentials of chaotic behaviour. 7.3. Complex cyclical patterns. 7.4. The industrial production and the production of technologies. 7.5. Measuring technological information and entropy. 7.6. Conclusion --
8. Institutional structures as Benard-Taylor processes. 8.1. Epistemic sense and ontological sense. 8.2. Social reality and collective behaviour. 8.3. Dynamics of memes. 8.4. Conclusion --
9. Oscillatory processes in economic systems. 9.1. Cycles in dynamics of economic systems. 9.2. Optimality conditions and associated equations. 9.3. Production potential and quantization. 9.4. Oscillatory behaviour --
some numerical results. 9.5. Conclusion --
10. Final thoughts on a different way of looking at economic processes.
Responsibility: Ionut Purica.

Abstract:

Concentrates on process behavior of economic systems and building models that stem from Haken's, Prigogine's, Taylor's work as well as from nuclear physics models.  Read more...

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