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Global Analysis of Dynamic Models in Economics and Finance: Essays in Honour of Laura Gardini

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Feldname	Details
Vorliegende Sprache	eng
Hinweise auf parallele Ausgaben	369374916 Buchausg. u.d.T.: ‡Global analysis of dynamic models in economics and finance
ISBN	978-3-642-29502-7
Name	Bischi, Gian Italo
Name	Chiarella, Carl
Name ANZEIGE DER KETTE	Chiarella, Carl
Name	Sushko, Iryna
T I T E L	Global Analysis of Dynamic Models in Economics and Finance
Zusatz zum Titel	Essays in Honour of Laura Gardini
Verlagsort	Berlin, Heidelberg
Verlag	Springer
Erscheinungsjahr	2013
Erscheinungsjahr	2013
Umfang	Online-Ressource (XVI, 442 p. 160 illus., 24 illus. in color, digital)
Reihe	SpringerLink. Bücher
Notiz / Fußnoten	Description based upon print version of record
Weiterer Inhalt	Global Analysis of Dynamic Models in Economics and Finance; Preface; Contents; Introduction; Part I Problems and Trends in Global Economic Dynamics (Including Specific Examples); Recent Developments in Asset Pricing with Heterogeneous Beliefs and Adaptive Behaviour of Financial Markets; 1 Introduction; 2 Heterogeneous Agent Models (HAMs) in Discrete-Time; 2.1 A HAM of Single Risky Asset and Its Estimation; 2.2 A CAPM and Time-Varying Betas Under Heterogeneous Beliefs; 3 Heterogeneous Agent Models (HAMs) in Continuous-Time; 4 Disagreement, Portfolio Efficiency and Equilibrium Asset Pricing. 4.1 Portfolio Efficiency and Diversification under Heterogeneous Beliefs4.2 Disagreement and Risk Premium; 5 Conclusion; References; Modeling House Price Dynamics with Heterogeneous Speculators; 1 Introduction; 2 The General Model Setup; 2.1 The Model in the Absence of Speculation; 2.2 General Impact of Speculative Demand on Housing Prices; 3 The Impact of Speculative Demand in Three Significant Cases; 3.1 The Dynamic Interplay Between Extrapolative and Regressive Demand; 3.2 Interaction of Fundamentalists and Trend-Followers with Fixed Proportions. 3.3 Evolutionary Switching Between Fundamental and Trend-Following Rules4 Conclusions; References; A Reconsideration of the Formal Minskyan Analysis: Microfundations, Endogenous Money and the Public Sector; 1 Introduction; 2 Formal Minskyan Models; 3 Our Contribution; 3.1 Microfoundation of the FIH; 3.2 Endogenous Money, Public Sector and Economic Policy; 4 The General Framework; 4.1 Firms; 4.2 Capital Market; 4.2.1 The Stock Market and the Expectations; 4.2.2 Equilibrium in the Capital Market; 4.3 The Public Sector; 5 Results; 6 Perspectives for Further Developments. 6.1 Endogenous Expectations6.2 Monetary Policy; 7 Concluding Remarks; References; Global Bifurcations in a Complementarity Game; 1 Introduction; 2 The Model; 3 Local Stability Analysis; 4 Analysis of the Basins of Fixed Points; 4.1 Case 1: No Cost Externalities and No Constraints on Efforts; 4.2 Case 2: Positive Cost Externalities and No Constraints on Efforts; 4.3 Case 3: Positive Cost Externalities and Constraints on Efforts; 4.4 Some Insights on Chaotic Dynamics; 5 Concluding Remarks; References; A Little Help from My Friend: International Subsidy Games with Isoelastic Demands. 1 Introduction2 The Model; 2.1 Profit Maximization; 2.2 Output Dynamics; 2.3 Welfare Maximization; 2.4 Determination of the Optimal Subsidy; 3 Dynamics with Elastic Demand; 3.1 Symmetric Firms: c1=c2; 3.2 Asymmetric Firms: c1≠c2; 4 Dynamics with Inelastic Demand; 4.1 Symmetric Firms: c1=c2; 4.1.1 Mixed Trade Policy: Ea or Eb; 4.1.2 Periodic Trade Policy; 4.2 Asymmetric Firms: c1≠c2; 5 Concluding Remarks; References; Pattern Formation in Economic Geography; 1 Introduction; 2 A Selection of Models; 2.1 Beckmann's Model of Interregional Pricing and Trade; 2.1.1 Equilibrium. 2.1.2 Dynamic Stability
Titelhinweis	Buchausg. u.d.T.: ‡Global analysis of dynamic models in economics and finance
ISBN	ISBN 978-3-642-29503-4
Klassifikation	KCA
	BUS069030
	*91-06
	91B25
	91B55
	91B70
	91D20
	91G80
	37-06
	37N40
	00B30
	00B15
	330.1
	HB1-846.8
	QB 920
Kurzbeschreibung	Introduction -- Problems and Trends in Global Economic Dynamics (Including Specific Examples): Recent Developments on Asset Pricing with Heterogeneous Beliefs and Adaptive Behaviour of Financial Markets -- Modeling House Price Dynamics with Heterogeneous Speculators -- A Reconsideration of the Formal Minskyan Analysis -- Global Bifurcations in a Complementarity Game -- A Little Help from My Friend -- Pattern Formation in Economic Geography -- A Three-region New Economic Geography Model in Discrete Time -- Chaotic Dynamics in Organization Theory -- One-dimensional Discontinuous Piecewise-linear Maps and the Dynamics of Financial Markets -- Consistency of Linear Forecasts in a Nonlinear Stochastic Economy -- A Homoclinic Route to Volatility -- Mathematical Methods and Philosophy for Global Analysis of Dynamical Systems: Image Entropy for Discrete Dynamical Systems -- Embedding a Dim1 Piecewise Continuous and Linear Leonov Map into a Dim2 Invertible Map -- A Gallery of Bifurcation Scenarios in Piecewise Smooth 1D Maps -- Periodic Orbits and Their Bifurcations in 3D Maps with a Separate Third Iterate -- Complexities of Natural Selection Synamics
2. Kurzbeschreibung	The essays in this special volume survey some of the most recent advances in the global analysis of dynamic models for economics, finance and the social sciences. They deal in particular with a range of topics from mathematical methods as well as numerous applications including recent developments on asset pricing, heterogeneous beliefs, global bifurcations in complementarity games, international subsidy games and issues in economic geography. A number of stochastic dynamic models are also analysed. The book is a collection of essays in honour of the 60th birthday of Laura Gardini
1. Schlagwortkette	Wirtschaftstheorie
	Wirtschaftsmodell
	Dynamisches Modell
	Kongress
	Kongress
ANZEIGE DER KETTE	Wirtschaftstheorie -- Wirtschaftsmodell -- Dynamisches Modell -- Kongress -- Kongress
SWB-Titel-Idn	373429649
Signatur	Springer E-Book
Bemerkungen	Elektronischer Volltext - Campuslizenz
Elektronische Adresse	$uhttp://dx.doi.org/10.1007/978-3-642-29503-4
Internetseite / Link	Volltext
Siehe auch	Inhaltsverzeichnis
Siehe auch	Inhaltstext
Siehe auch	Volltext
Siehe auch	Cover
Siehe auch	Inhaltstext

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