Titlebook: Optimization, Dynamics, and Economic Analysis; Essays in Honor of G Engelbert J. Dockner,Richard F. Hartl,Gerhard Sorg Book 2000 Springer-V

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978-3-642-63327-0Springer-Verlag Berlin Heidelberg 2000

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AS-AD Disequilibrium Dynamics and Economic Growth,roved for sluggish adjustment speeds, gets lost through Hopf-bifurcations, implying the existence of attracting or repelling periodic motions close to such bifurcation values. We show that these results remain valid for endogenous growth, with new features concerning the production of technological change (which is subject to hysteresis).

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Market Takeovers in Medieval Trade,other farmer in the population and change their action with some probability if their own utility is smaller than the observed one. For the resulting market dynamics the basins of attraction of the coexisting equilibria are analyzed using the concept of critical curves.

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Income Distribution and Endogenous Growth,me inequality is greater, that is, when the income distribution is more strongly dispersed. The paper shows that countries with identical production technologies and identical preferences may have different GDP growth rates because wealth is distributed differently among their inhabitants. .:041, D31.

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