Angelo Antoci, Simone Borghesi (auth.), Gian Italo Bischi, Carl Chiarella, Laura Gardini (eds.)3642040225, 9783642040221
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.
Table of contents :
Front Matter….Pages i-xv
Transferring Negative Externalities: Feedback Effects of Self-Protection Choices in a Two Hemispheres Model….Pages 1-11
Structural Change, Economic Growth and Environmental Dynamics with Heterogeneous Agents….Pages 13-38
Bifurcations and Chaotic Attractors in an Overlapping Generations Model with Negative Environmental Externalities….Pages 39-53
Stock Dynamics in Stage Structured Multi-agent Fisheries….Pages 55-72
International Environmental Agreement: A Dynamical Model of Emissions Reduction….Pages 73-93
R&D Cooperation in Real Option Game Analysis….Pages 95-115
Unifying Cournot and Stackelberg Action in a Dynamic Setting….Pages 117-137
Issues on Strategy-Switching Dynamics….Pages 139-156
R&D Public Expenditure, Knowledge Spillovers and Agglomeration: Comparative Statics and Dynamics….Pages 157-180
Dynamics in Non-Binding Procurement Auctions with Boundedly Rational Bidders….Pages 181-193
Delay Differential Nonlinear Economic Models….Pages 195-214
Imperfect Competition, Learning and Fluctuations….Pages 215-228
Persistent Disequilibrium Dynamics and Economic Policy….Pages 229-249
On the Transition Dynamics in Endogenous Recombinant Growth Models….Pages 251-278
Political Accountability: A Stochastic Control Approach….Pages 279-293
Behavioral Portfolio Choice and Disappointment Aversion: An Analytical Solution with “Small” Risks….Pages 295-311
A Simple Agent-based Financial Market Model: Direct Interactions and Comparisons of Trading Profits….Pages 313-332
Global Bifurcations in a Three-Dimensional Financial Model of Bull and Bear Interactions….Pages 333-352
A Framework for CAPM with Heterogeneous Beliefs….Pages 353-369
Optimal Monetary Policy for Commercial Banks Involving Lending Rate Settings and Default Rates….Pages 371-384
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