Economic Evolution and Equilibrium


ISBN 9783540686620
Taschenbuch/Paperback
CHF 60.20
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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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