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Titlebook: Economic Evolution and Equilibrium; Bridging the Gap Marco Lehmann-Waffenschmidt Book 2007 Springer-Verlag Berlin Heidelberg 2007 Bang-bang

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發(fā)表于 2025-3-21 20:08:02 | 只看該作者 |倒序瀏覽 |閱讀模式
書目名稱Economic Evolution and Equilibrium
副標題Bridging the Gap
編輯Marco Lehmann-Waffenschmidt
視頻videohttp://file.papertrans.cn/302/301590/301590.mp4
概述Includes supplementary material:
叢書名稱Lecture Notes in Economics and Mathematical Systems
圖書封面Titlebook: Economic Evolution and Equilibrium; Bridging the Gap Marco Lehmann-Waffenschmidt Book 2007 Springer-Verlag Berlin Heidelberg 2007 Bang-bang
描述theory,whichformalizesa dynamiceconomicsystemasa systemofdi?erence, or di?erential, equations. There equilibria mean ‘equilibrium trajectories’ of the whole evolution that, in a certain sense, are optimal. A particularly un- tisfactory feature of this conceptualization of an equilibrium, however, is the factthattheintertemporaloptimizingapproachcompletelypredeterminesthe whole future of the economic system. This “closed loop” approach gives rise to the common reproach that economic theory is predominantly concerned with the question of ‘how the economic system ought to behave’ rather than with the question of ‘how does it behave actually’. This is the point at which the new branch of evolutionary economics has made its entrance. In contrast to growth or business cycle theory, evolutionary economics perceives the evolution of the economic system as essentially “open” to true novelties that are unforeseeable by their very nature. This view clearly makes obsolete any conception of equilibrium that resorts to the idea of a ?nal state of rest, or to the idea of an intertemporally optimizing trajectory which is prespeci?ed ab initio by a system of di?erential equations and initial con- t
出版日期Book 2007
關(guān)鍵詞Bang-bang policy; Evolution; Open-loop; Piecemeal policy; economics; equilibrium; general equilibrium
版次1
doihttps://doi.org/10.1007/978-3-540-68664-4
isbn_softcover978-3-540-68662-0
isbn_ebook978-3-540-68664-4Series ISSN 0075-8442 Series E-ISSN 2196-9957
issn_series 0075-8442
copyrightSpringer-Verlag Berlin Heidelberg 2007
The information of publication is updating

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https://doi.org/10.1007/978-1-0716-2372-5play an important role in our analysis.. Our exposition will be self-contained as regards our subsequent analysis. The reader who still misses further background informations is referred to the relevant textbook literature.
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Fopefoluwa M. Bademosi,Raja R. A. Issaof homogeneity of degree zero of the excess demand function. To begin with the purely economic aspects, Walras’ law and the homogeneity property of the excess demand function clearly do not make sense anymore when one studies . of all conceivable markets, thus placing oneself in a . (cf. Schulz, 1985, introductory remarks).
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Automation in the Food Industryining equilibrium component are always on account of a more or less “pathological” variation of economic states. Unfortunately the term “pathological” only can serve as an intuitive guide, not as a firm base of further analysis. What we will do now is to show precisely that intuition actually led us the right way.
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https://doi.org/10.1007/978-1-4302-0731-3ith non-equilibrium states of economic systems draw on the notion of equilibrium, at least as a fundamental point of reference. Equally central to economics, however, is the idea of the evolution of an economic system over time. In fact, the understanding of an equilibrium as a final state of rest w
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Hullash Chauhan,Suchismita Satapathyst reason is that, as most economists certainly will agree, the Walrasian general equilibrium framework stands at the very heart of economics as a fundamental point of reference. Or, as Balasko (1988, p. viii) puts it: “. . . for them [the pure exchange economies], the hidden and intricate structure
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