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Dynamic Economic Problems with Regime Switches

By Josef L. Haunschmied (Editor), Raimund M. Kovacevic (Editor), Willi Semmler (Editor), Vladimir M. Veliov (Editor)
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$149.00
By Josef L. Haunschmied (Editor), Raimund M. Kovacevic (Editor), Willi Semmler (Editor), Vladimir M. Veliov (Editor)
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This book presents the state of the art in the relatively new field of dynamic economic modelling with regime switches. The contributions, written by prominent scholars in the field, focus on dynamic decision problems with regime changes in underlying dynamics or objectives. Such changes can be externally driven or internally induced by decisions. Utilising the most advanced mathematical methods in optimal control and dynamic game theory, the authors address a broad range of topics, includi...

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BusinessEconomicsEconomic Theory & Schools of ThoughtEconomic Theory - General & Miscellaneous