Games and Dynamics in Economics -

Games and Dynamics in Economics

Essays in Honor of Akio Matsumoto
Buch | Softcover
290 Seiten
2021 | 1st ed. 2020
Springer Verlag, Singapore
978-981-15-3625-0 (ISBN)
128,39 inkl. MwSt
This book focuses on the latest advances in nonlinear dynamic modeling in economics and finance, mainly—but not solely—based on the description of strategic interaction by using concepts and methods from dynamic and evolutionary game theory. The respective chapters cover a range of theoretical issues and examples concerning how the qualitative theory of dynamical systems is used to analyze the local and global bifurcations that characterize complex behaviors observed in social systems where heterogeneous and boundedly rational economic agents interact. Nonlinear dynamical systems, represented by difference and differential and functional equations, are extensively used to simulate the behavior of time-evolving economic systems, also in the presence of time lags, discontinuities, and hysteresis phenomena. In addition, some theoretical issues and particular applications are discussed, as well. The contributions gathered here offer an up-to-date review of the latest research in thisrapidly developing research area.

Ferenc Szidarovszky, Corvinus University Gian Italo Bischi, University of Urbino

Preface.-Introduction.-Magical Mystery Tour from Linearity to Nonlinearity.-Coupled Chaotic Systems and Extreme Ecologic-Economic Outcomes.-A Co-evolutionary Model for Human Capital and Innovative Firms.-Path Dependence in Models with Fading Memory or Adaptive Learning.-Come Together: The Role of Cognitively Biased Imitators in a Small Scale Agent-based Financial Market.-Evolutionary Tax Evasion, Prospect Theory and Heterogeneous Taxpayers.-On Dynamics of a Three-country Kaldorian Model of Business Cycles with Fixed Exchange Rates.-Eductive Stability, Heterogeneous Information Costs and Period-two Cycle Multiplicity.-Noether’s Theorem and the Lie Symmetries in the Goodwin-model.-Mixed Duopolies with Advance Production.-Necessary Conditions for Concave and Cournot Oligopoly Games.-Set-valued Techniques in Dynamic Economic Models.-Agent Behavior and Transitions in N-Person Social Dilemma Games.-Optimizing Imperfect Preventive Maintenance Policy for a Multi-Unit System with Different Virtual Ages.-Newton-Type Solvers Using Outer Inverses for Singular Equations.-Properties of Linear Time-dependent Systems

Erscheinungsdatum
Zusatzinfo 52 Illustrations, color; 28 Illustrations, black and white; XXIII, 290 p. 80 illus., 52 illus. in color.
Verlagsort Singapore
Sprache englisch
Maße 155 x 235 mm
Themenwelt Mathematik / Informatik Mathematik Angewandte Mathematik
Mathematik / Informatik Mathematik Finanz- / Wirtschaftsmathematik
Mathematik / Informatik Mathematik Wahrscheinlichkeit / Kombinatorik
Wirtschaft Volkswirtschaftslehre Makroökonomie
Wirtschaft Volkswirtschaftslehre Wirtschaftspolitik
ISBN-10 981-15-3625-2 / 9811536252
ISBN-13 978-981-15-3625-0 / 9789811536250
Zustand Neuware
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