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Economic Dynamics and Information

Economic Dynamics and Information

Jaroslav Zajac

66,31 €
IVA incluido
Disponible
Editorial:
Springer Nature B.V.
Año de edición:
2006
Materia
Inteligencia artificial
ISBN:
9783540326946
66,31 €
IVA incluido
Disponible

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Sobre IBD

This book analyzes the existence of equilibria in economies having a measured space of agents and a continuum of agents and commodities. Excessive homogeneity with respect to agent productivity leads to instability and non-uniqueness of a given stationary state and the indeterminacy of the corresponding stationary state equilibrium. Sufficient heterogeneity leads to global saddle-path stability, uniqueness of a given stationary state and the global uniqueness of the corresponding equilibrium.

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