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Economic Dynamics And Information Lecture Notes In Economics And Mathematical Systems 576 2006th Edition Zajac

Name: Economic Dynamics And Information Lecture Notes In Economics And Mathematical Systems 576 2006th Edition Zajac
SKU: BELL-33317174
Price: 31.00 USD
Availability: InStock
Rating: 4.7 (96 reviews)

SKU: BELL-33317174

$ 31.00 ~~$ 45.00~~ (-31%)

4.7

96 reviews

Economic Dynamics And Information Lecture Notes In Economics And Mathematical Systems 576 2006th Edition Zajac instant download after payment.

Publisher: Springer

File Extension: PDF

File size: 11.94 MB

Pages: 284

Author: Zajac, Jaroslav

ISBN: 9783540326946, 3540326944

Language: English

Year: 2006

Edition: 2006

Product desciption

Economic Dynamics And Information Lecture Notes In Economics And Mathematical Systems 576 2006th Edition Zajac by Zajac, Jaroslav 9783540326946, 3540326944 instant download after payment.

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.