| Vorliegende Sprache |
eng |
| Hinweise auf parallele Ausgaben |
25139901X Buchausg. u.d.T.: ‡Zajac, Jaroslav: Economic dynamics and information |
| ISBN |
978-3-540-32694-6 |
| Name |
Zajac, Jaroslav |
| T I T E L |
Economic Dynamics and Information |
| Verlagsort |
Berlin, Heidelberg |
| Verlag |
Springer-Verlag Berlin Heidelberg |
| Erscheinungsjahr |
2006 |
| 2006 |
| Umfang |
Online-Ressource (X, 274 p, digital) |
| Reihe |
SpringerLink. Bücher |
| Notiz / Fußnoten |
Description based upon print version of record |
| Weiterer Inhalt |
Rational Expectations of Efficiency and Incentive SchemesDynamic Adjustment Processes and the Effect of the Economic System -- Optimal Incentive Schemes with a Measure Space and Decision -- Dynamics, and Information -- Life Cycle and Risk-Sharing of Information Under Restriction -- Risk Choices, Heterogenous Beliefs and Prediction Strategies in Asset Allocation -- Design, Knowledge and Stabilization of Economy -- Decision Process, Assets and Information -- Edowments, Money, Debt and Risky Choice of Decision -- Market Mechanisms, Portfolios and Uncertainty of Decisions -- Stability of Markets, Uncertainty, and Strategic Behavior -- Market Making, Information, Beliefs, and Chaos -- Volatility, Information, and Return Distribution -- Shocks, Uncertainty, and Preferences Over Information -- Externalities, Market Information and Contracts -- Cycles, Chaos, Stabilization and Technological Innovation -- Information Cascades, Expectations, and Risky Choices -- Conclusion. |
| Titelhinweis |
Buchausg. u.d.T.: ‡Zajac, Jaroslav: Economic dynamics and information |
| ISBN |
ISBN 978-3-540-32695-3 |
| Klassifikation |
KCA |
| BUS069030 |
| *91B62 |
| 330.1 |
| 332.015118 |
| 330 |
| HB1-846.8 |
| QC 040 |
| QC 020 |
| QH 710 |
| QP 345 |
| Kurzbeschreibung |
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. |
| 2. Kurzbeschreibung |
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. |
| 1. Schlagwortkette |
Kreditmarkt |
| Gleichgewichtstheorie |
| Informationsökonomie |
| Mathematisches Modell |
| Gleichgewichtstheorie |
| Informationsökonomie |
| Mathematisches Modell |
| ANZEIGE DER KETTE |
Kreditmarkt -- Gleichgewichtstheorie -- Informationsökonomie -- Mathematisches Modell -- Gleichgewichtstheorie -- Informationsökonomie -- Mathematisches Modell |
| SWB-Titel-Idn |
27633468X |
| Signatur |
Springer E-Book |
| Bemerkungen |
Elektronischer Volltext - Campuslizenz |
| Elektronische Adresse |
$uhttp://dx.doi.org/10.1007/3-540-32695-2 |
| Internetseite / Link |
Volltext |
| Siehe auch |
Volltext |
| Siehe auch |
Cover |
| Siehe auch |
Inhaltstext |
