Title:
Dynamic economic theory : a viability approach
Personal Author:
Series:
Studies in economic theory; 5
Publication Information:
New York : Springer-Verlag, 1997
ISBN:
9783540626879
Available:*
Library | Item Barcode | Call Number | Material Type | Item Category 1 | Status |
|---|---|---|---|---|---|
Searching... | 30000003529496 | HB615 A93 1997 | Open Access Book | Book | Searching... |
On Order
Summary
Summary
This book is intended to provide economists with mathematical tools necessary to handle the concepts of evolution under uncertainty and adaption arising in economics, pursuing the Arrow-Debreu-Hahn legacy. It applies the techniques of viability theory to the study of economic systems evolving under contingent uncertainty, faced with scarcity constraints, and obeying various implementation of the inertia principle. The book illustrates how new tools can be used to move from static analysis, built on concepts of optima, equilibria and attractors to a contingent dynamic framework.
