Marco Lehmann-Waffenschmidt

Economic Evolution and Equilibrium (eBook, PDF)

Bridging the Gap

• Format: PDF

Produktbeschreibung

This work uses various model frameworks to study the evolution of equilibria in an open loop evolving economy in which the model characteristics evolve without any directional restrictions except for continuity. Applying mathematical methods, it is shown that equilibria can always be adapted in a piecewise gradual, non bang-bang way.

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Produktdetails

• Verlag: Springer Berlin Heidelberg
• Seitenzahl: 272
• Erscheinungstermin: 10. Juni 2007
• Englisch
• ISBN-13: 9783540686644
• Artikelnr.: 37370965

Autorenporträt

Marco Lehmann-Waffenschmidt, Technical University Dresden, Germany

Inhaltsangabe

General Introduction.- General Introduction.- Notations and Mathematical Preliminaries.- Notations and Mathematical Preliminaries.- Conceptualization and Definition of Evolutions of Economies in Four General Equilibrium Frameworks.- to Part I.- Evolutions in the Traditional Walrasian Exchange Equilibrium Framework.- Evolutions in an Exchange Equilibrium Framework Without Walras' Law and Homogeneity.- Evolutions in a General Equilibrium Framework With Production, Taxes, and Subsidies.- Evolutions in the Temporary Fixprice Equilibrium Framework.- Conclusions.- Formal Analysis.- to Part II.- Near-Equilibrium Paths.- Equilibrium Paths.- Economic Refinements of the Notion of an Evolution of Economies.- The Structure of the Equilibrium Price Set of an Evolution of Exchange Economies.- Comparison With Related Results in the Literature.- Conclusions.- Economic Analysis.- to Part III.- Applications of the Analytical Results From Part II in the Economist's Laboratory.- The Method of Kinetic Analysis of Evolving Economies in Historical Time.- Evolving Economies in Historical Time.- Conclusions.- General Conclusions and Outlook.- General Conclusions and Outlook.