Over the last two decades there has been a great deal of research into nonlinear dynamic models in economics, finance and the social sciences. This book contains twenty papers that range over very recent applications in these areas. Topics covered include structural change and economic growth, disequilibrium dynamics and economic policy as well as models with boundedly rational agents. The book illustrates some of the most recent research tools in this area and will be of interest to economists working in economic dynamics and to mathematicians interested in seeing ideas from nonlinear dynamics and complexity theory applied to the economic sciences.
Jadual kandungan
Transferring Negative Externalities: Feedback Effects of Self-Protection Choices in a Two Hemispheres Model.- Structural Change, Economic Growth and Environmental Dynamics with Heterogeneous Agents.- Bifurcations and Chaotic Attractors in an Overlapping Generations Model with Negative Environmental Externalities.- Stock Dynamics in Stage Structured Multi-agent Fisheries.- International Environmental Agreement: A Dynamical Model of Emissions Reduction.- R#x0026;D Cooperation in Real Option Game Analysis.- Unifying Cournot and Stackelberg Action in a Dynamic Setting.- Issues on Strategy-Switching Dynamics.- R#x0026;D Public Expenditure, Knowledge Spillovers and Agglomeration: Comparative Statics and Dynamics.- Dynamics in Non-Binding Procurement Auctions with Boundedly Rational Bidders.- Delay Differential Nonlinear Economic Models.- Imperfect Competition, Learning and Fluctuations.- Persistent Disequilibrium Dynamics and Economic Policy.- On the Transition Dynamics in Endogenous Recombinant Growth Models.- Political Accountability: A Stochastic Control Approach.- Behavioral Portfolio Choice and Disappointment Aversion: An Analytical Solution with #x201C;Small#x201D; Risks.- A Simple Agent-based Financial Market Model: Direct Interactions and Comparisons of Trading Profits.- Global Bifurcations in a Three-Dimensional Financial Model of Interactions.- A Framework for CAPM with Heterogeneous Beliefs.- Optimal Monetary Policy for Commercial Banks Involving Lending Rate Settings and Default Rates.