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Economic Evolution and Equilibrium: Bridging the Gap (Repost)

Posted on 2010-12-13




Name:Economic Evolution and Equilibrium: Bridging the Gap (Repost)
ASIN/ISBN:3540686622
Publisher:Springer
Publish Date:2010
Pages:272
File size:2.2 Mb
Publisher: Springer
Pages: 272
Publish Date: 2010
ISBN: 3540686622
File Type: PDF
File Size: 2,2 mb
   Economic Evolution and Equilibrium: Bridging the Gap (Repost)

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Economic Evolution and Equilibrium: Bridging the Gap

This work uses various model frameworks to study the evolution of equilibria in an open loop evolving economy in which the model characteristics evolve without any directional restrictions except for continuity. Applying mathematical methods, it is shown that equilibria can always be adapted in a piecewise gradual, non bang-bang way.

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