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Price dynamics in equilibrium models : the search for equilibrium and the emergence of endogenous fluctuations

Author: Jan Tuinstra
Publisher: Boston : Kluwer Academic Publishers, ©2001.
Series: Advances in computational economics, v. 16.
Edition/Format:   Print book : EnglishView all editions and formats
Summary:
"The book uses the theory of nonlinear dynamics to analyse the dynamics of the different economic models. Due to the complexity of most of the models, an important role is played by computational methods. In particular, at regular instances the models are analyzed by numerical simulations and some computer-assisted proofs are provided. It also covers a wide range of dynamical models from economic theory. Most of
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Material Type: Internet resource
Document Type: Book, Internet Resource
All Authors / Contributors: Jan Tuinstra
ISBN: 0792372654 9780792372653
OCLC Number: 45208025
Description: xiii, 232 pages : illustrations ; 24 cm.
Contents: 1. Introduction and Outline --
2. A Tatonnement Process --
3. Perfect Foresight Cycles in Overlapping Generations Models --
4. Learning in Overlapping Generations Models --
5. An Evolutionary Model of Cournot Competition --
6. Price Adjustment in Monopolistic Competition.
Series Title: Advances in computational economics, v. 16.
Responsibility: by Jan Tuinstra.
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Abstract:

A long-standing unsolved problem in economic theory is how economic equilibria are attained.  Read more...

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