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Könyv Economic Dynamics and Information Jaroslav Zajac

Economic Dynamics and Information

Szerző: Jaroslav Zajac
Nyelv: Angol
Kötés: Puha kötésű
Kiadó: Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
Elérhetőség: Beszállítói készleten alacsony példányszámban
Küldés 11-15 napon belül
20 790 Ft
This book analyzes the existence of equilibria in economies having a measured space of agents and a...

Információk a könyvről

Szerző
Jaroslav Zajac
Nyelv
Angol
Kötés
Könyv - Puha kötésű
Kiadva
2006
oldal
274
EAN
9783540326946
ISBN
3540326944
Enbook ID
01561759
Kiadó
Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
Súly
900
Méretek
155 x 235 x 19

Teljes leírás

This book analyzes the existence of equilibria in economies having a measured space of agents and a continuum of agents and commodities. Excessive homogeneity with respect to agent productivity leads to instability and non-uniqueness of a given stationary state and the indeterminacy of the corresponding stationary state equilibrium. Sufficient heterogeneity leads to global saddle-path stability, uniqueness of a given stationary state and the global uniqueness of the corresponding equilibrium. The variety and variance of agent capabilities is reflected in such constructions as culture, social relations, ideology, politics, and preferences that change continuously with historical development. Information variety is an efficacious companion of systemic variety, and can support the performance of an economy, and can be an economically efficient cradle for adaptation to environmental and individual change and systemic evolution.

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