Complexity in Economics: Cutting Edge Research (New Economic by Marisa Faggini, Anna Parziale

By Marisa Faggini, Anna Parziale

In this e-book, top specialists speak about leading edge parts of complexity idea and chaos idea in economics.

The underlying point of view is that investigations of monetary phenomena should still view those phenomena now not as deterministic, predictable and mechanistic yet particularly as procedure established, natural and constantly evolving.

The goal is to spotlight the fascinating strength of this procedure in economics and its skill to beat the constraints of prior study and supply vital new insights. The ebook deals a stimulating mixture of conception, examples and policy.

By casting gentle on a number of themes within the box, it's going to offer a fantastic platform for researchers wishing to deepen their realizing and establish components for extra investigation.

Show description

Read Online or Download Complexity in Economics: Cutting Edge Research (New Economic Windows) PDF

Best game theory books

The Evolution of Cooperation (Revised Edition)

Contributor be aware: ahead by way of Richard Dawkins

The Evolution of Cooperation presents priceless insights into the age-old query of no matter if unforced cooperation is ever attainable. commonly praised and much-discussed, this vintage booklet explores how cooperation can emerge in a global of self-seeking egoists-whether superpowers, companies, or individuals-when there is not any critical authority to police their activities.

The challenge of cooperation is significant to many alternative fields. Robert Axelrod recounts the recognized desktop tournaments within which the “cooperative” application Tit for Tat recorded its beautiful victories, explains its program to a huge spectrum of topics, and indicates how readers can either follow cooperative rules to their very own lives and educate cooperative ideas to others.

The Mathematics of Arbitrage (Springer Finance)

Evidence of the "Fundamental Theorem of Asset Pricing" in its common shape by means of Delbaen and Schachermayer used to be a milestone within the heritage of recent mathematical finance and now varieties the cornerstone of this ebook. places into e-book structure a sequence of significant effects due often to the authors of this publication. Embeds highest-level learn effects right into a therapy amenable to graduate scholars, with introductory, explanatory heritage.

Multicriteria Analysis: Applications to Water and Environment Management

Multicriteria research is likely one of the most crucial fields of determination technological know-how. This e-book supplies an summary of the formula of a suitable version and provides a complete precis of the preferred equipment for fixing multicriteria choice difficulties. as well as the classical strategy the ebook introduces fuzzy and stochastic technique, versions with uncertainty, social selection and clash answer.

Extra resources for Complexity in Economics: Cutting Edge Research (New Economic Windows)

Example text

J. Theor. Appl. Financ. 7, 135–149 (2003) Chapter 2 Kaldorian Assumptions and Endogenous Fluctuations in the Dynamic Fixed-Price IS-LM Model Giovanni Bella, Paolo Mattana and Beatrice Venturi Abstract With the aim of better understanding the conditions which determine endogenous fluctuations at business cycle frequencies, recent literature has revived interest in the Schinasi’s variant of the dynamic, intermediate-run, IS-LM model (Schinasi 1981, 1982). Results, however, remain confined to Kaldorian-type economies, namely to those economies which present a greater-than-unity marginal propensity to spend out of income.

Homoclinic bifurcation and global indeterminacy of equilibrium in a two-sector endogenous growth model. Int. J. Econ. : Hopf bifurcation in a dynamic is-lm model with time delay. : Stability and bifurcations in is-lm economic models. Int. Rev. Econ. : On the dynamic behavior of schinasi’s business cycle model. J. Macroecon. : A nonlinear dynamic model of short run fluctuations. Rev. Econ. Stud. : Fluctuations in a dynamic, intermediate-run is-lm model: applications of the poincaré-bendixon theorem.

It P. it M. Faggini and A. 1007/978-3-319-05185-7_2, © Springer International Publishing Switzerland 2014 31 32 G. Bella et al. , Cai 2005; de Cesare and Sportelli 2005; Fanti and Mandredi 2007; Neantu, Opris and Chilarescu 2007). , Gandolfo 1997; Makovinyiova 2011; Neri and Venturi 2007, Sasakura 1994; Zimka 1999) remain more in line with the original structure of the model, and look for the existence of oscillating solutions in specific regions of the parameters space mainly by the use of the Hopf bifurcation Theorem.

Download PDF sample

Rated 4.61 of 5 – based on 31 votes