The possibility of co-movements in the cyclical variations of aggregate output in different countries has received increasing attention in recent years. The present paper derives sufficient conditions for the occurrence of persistent co-movements in the mean processes of aggregate economic...

We present a dynamic model of price setting in which price adjustments are costly for the monopolist. The general price level changes endogenously due to welfare changes. For the resulting two-dimensional dynamical system the existence of a continuum of stationary points is proven. Furthermore,...

The central aim of this book is the presentation and application of a mathematical model designed to capture the interrelated dynamics of traffics and settlement structure in developing urban regions. Evidently metropoles of emerging nations are the most prominent cases of rapidly evolving...

In part I of this book a dynamic migratory model connecting the microlevel of individual migration trends with the macrolevel of interregional migration is developed. Its derivation makes use of the master equation method. Applying a ranking regression analysis, the trend parameters of the model...

A concept for modelling nonlinear economic dynamics is presented and exemplified by a concrete model. Generally, a configuration of macroeconomic variables is considered whose probabilistic evolution is coupled to the decision-making of agents and is described by a master equation. The...

A macroscopic model for dynamic traffic flow is presented. The main goal of the model is the real time simulation of large freeway networks with multiple sources and sinks. First, we introduce the model in its discrete formulation and consider some of its properties. It turns out, that our...

This book focuses on the emerging field of evolutionary economic policy, highlighting the interface between the state, markets, and the evolutionary complexity of modern economies. The contributors explore the possibilities and limitations of governance, and provide a unique platform for the...

An integrated mathematical model for the evolution of urban structure and population ist presented. The city configuration consists of an occupation number representation of different kinds of buildings such as lodgings and factories distributed over a grid of plots, and the population...