Dynamic Economic Theory: A Viability Approach

Dynamic Economic Theory: A Viability Approach

by Jean-Pierre Aubin
     
 

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This book is intended to provide economists with mathematical tools necessary to handle the concepts of evolution under uncertainty and adaption arising in economics, pursuing the Arrow-Debreu-Hahn legacy. It applies the techniques of viability theory to the study of economic systems evolving under contingent uncertainty, faced with scarcity constraints, and

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Overview

This book is intended to provide economists with mathematical tools necessary to handle the concepts of evolution under uncertainty and adaption arising in economics, pursuing the Arrow-Debreu-Hahn legacy. It applies the techniques of viability theory to the study of economic systems evolving under contingent uncertainty, faced with scarcity constraints, and obeying various implementation of the inertia principle. The book illustrates how new tools can be used to move from static analysis, built on concepts of optima, equilibria and attractors to a contingent dynamic framework.

Product Details

ISBN-13:
9783642645426
Publisher:
Springer Berlin Heidelberg
Publication date:
12/31/2013
Series:
Studies in Economic Theory Series
Edition description:
Softcover reprint of the original 1st ed. 1997
Pages:
510
Product dimensions:
6.14(w) x 9.21(h) x 1.09(d)

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