Adaptive Economic Models
eBook - PDF

Adaptive Economic Models

Proceedings of a Symposium Conducted by the Mathematics Research Center, the University of Wisconsin–Madison, October 21-23, 1974

  1. 592 pages
  2. English
  3. PDF
  4. Available on iOS & Android
eBook - PDF

Adaptive Economic Models

Proceedings of a Symposium Conducted by the Mathematics Research Center, the University of Wisconsin–Madison, October 21-23, 1974

About this book

Adaptive Economic Models provides information pertinent to the adaptive processes in economics. This book discusses the developments on research in the field of adaptive economics. Organized into 23 chapters, this book begins with an overview of the study of economic processes using concepts of adaptation. This text then explains how concepts arising from biology can be formulated in such a way that they can be a source of insight into man's social systems. Other chapters present a general view of the adaptation of the firm to its environment and discuss how a firm with a definite commodity in mind can decide whether to enter a given established market. This book discusses as well the simple duopoly problem in which firms are in error in the sense that they specify an incomplete model and add a random error term. The final chapter deals with the set of models and problems for the development of a theory of money and financial institutions. This book is a valuable resource for economic theorists and economists.

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Yes, you can access Adaptive Economic Models by Richard H. Day,Theodore Groves in PDF and/or ePUB format, as well as other popular books in Mathematics & Mathematics Essays. We have over one million books available in our catalogue for you to explore.

Information

Publisher
Academic Press
Year
2014
Print ISBN
9780122073502
eBook ISBN
9781483267326
Topic
Mathematics
Subtopic
Mathematics Essays
Index
Mathematics

Table of contents

  1. Front Cover
  2. Adaptive Economic Models
  3. Copyright Page
  4. Table of Contents
  5. Preface
  6. Chapter 1. Adaptive Processes and Economic Theory
  7. Chapter 2. Biological Systems as Paradigms for Adaptation
  8. Chapter 3. Optimization and Evolution in the Theory of the Firm
  9. Chapter 4. The Market Adaptation of the Firm
  10. Chapter 5. Learning by Firms about Demand Conditions
  11. Chapter 6. Output Decisions by a Firm: An Example of a Dual Control Problem with Information Externalities
  12. Chapter 7. Further Notes on the Allocation of Effort
  13. Chapter 8. On Multi- and Ultrastable States in Hierarchical Multilevel Multigoal Systems (abstract)
  14. Chapter 9. Adaptive Utility
  15. Chapter 10. Convergence of Adaptive Decisions
  16. Chapter 11. Approximate Minimization of Noncovex Integral Functionals (abstract)
  17. Chapter 12. Equilibrium Under Uncertainity, and Bayesian Adaptive Control Theory
  18. Chapter 13. Market Adjustment with Adaptive Supply and Pricing Decisions
  19. Chapter 14. Demand for Labor in a Dynamic Theory of the Firm
  20. Chapter 15. Productivity Increase as a Learning Process (abstract)
  21. Chapter 16. Diffusion of Innovations Under Imperfect Competition
  22. Chapter 17. Autonomous Control of the Economic System: A Survey (abstract)
  23. Chapter 18. Modelling Discrete Adaptive Behavior in the Chemical Process Industries
  24. Chapter 19. Modelling the Development of the Intermediate Chemicals Industry
  25. Chapter 20. Economic Adjustments under Noncompetitive Pricing
  26. Chapter 21. Equilibrium in Stochastic Economic Models
  27. Chapter 22. Temporary Walrasian Equilibrium in a Monetary Economy
  28. Chapter 23. Mathematical Models for a Theory of Money and Financial Institutions
  29. Index