Similar Search Results

Ecology, economics, and network dynamics

Hastings, Harold M.; Young-Taft, Tai; Tsen, Chih-Jui - 2020

In a seminal 1972 paper, Robert M. May asked: "Will a Large Complex System Be Stable?" and argued that stability (of a … describe highlights in the development of our present understanding of stability and complexity in network systems, in order to …

Persistent link: https://www.econbiz.de/10012610199

Memory and Asset Pricing Models with Heterogeneous Beliefs

Verbic, Miroslav - Volkswirtschaftliche Fakultät, … - 2006

interested in how memory in the fitness measure affects stability of evolutionary adaptive systems and survival of technical …

Persistent link: https://www.econbiz.de/10005789598

Ecology, economics, and network dynamics

Hastings, Harold M.; Young-Taft, Tai; Tsen, Chih-Jui - 2020

Persistent link: https://www.econbiz.de/10012291950

Rational thinking under costly information—Macroeconomic implications

Gomes, Orlando - In: Economics Letters 115 (2012) 3, pp. 427-430

of a simple macroeconomic model. In a setting where departures from stability are not possible under perfect foresight …

Persistent link: https://www.econbiz.de/10011041783

Existence and stability of equilibria in OLG models under adaptive expectations

Longo, Michele; Valori, Vincenzo - Dipartimento di Scienze per l'Economia e l'Impresa, … - 2001

develop the analysis of the model under adaptive expectations. We derive stability conditions and determine the bifurcation … diagram in all the three cases. From the comparison it results that stability conditions for the case with rational … OLG model of pure exchange, the adaptive expectations do not improve local stability performances of the model with …

Persistent link: https://www.econbiz.de/10008678783

A post-Keynesian model of growth and distribution with a constraint on investment

Commendatore, Pasquale; Pinto, Antonio; Sushko, Iryna - In: Structural Change and Economic Dynamics 28 (2014) C, pp. 12-24

We introduce in a post-Keynesian/Kaleckian model of growth and distribution a constraint on firms’ investment induced by increasing adjustment costs and/or limited financial resources. Whereas in the short run limiting firms’ investment reduces capacity utilization and capital accumulation,...

Persistent link: https://www.econbiz.de/10011048676

The Solow-Swan model generalization with non-constant labor growth rate

Přibylová, Lenka - In: Bulletin of the Czech Econometric Society 18 (2011)

Generalization of the neoclassical one-sector Solow-Swan model and its modification of Kaldor-Pasinetti type are introduced. The generalization is due to non-constant labor growth rate. Both continuous-time and discrete-time models are derived. Concrete examples with complex dynamics are...

Persistent link: https://www.econbiz.de/10009643448

A Two-Sector Growth Model with an Intermediate Product

KUO, CHUN-YAN - Economics Department, Queen's University - 1974

factors are crucial in determining the properties of the model. All the conditions for stability are in fact much weaker than …

Persistent link: https://www.econbiz.de/10004976742

Intermediate Products and the Two sector Growth Model in an Open economy

KUO, CHUN-YAN - Economics Department, Queen's University - 1977

The paper investigates whether the presence of the intermediate good plays a significant role in the growing economy. It also discusses the patterns of international specialization in relation to relative factor endowments. The paper finds that the factor intensities of final goods sectors in...

Persistent link: https://www.econbiz.de/10004976746

Stability, Global Dynamics and Markov Equilibrium in Models of Economic Growth

García-Belenguer, Fernando - Departamento de Análisis Económico: Teoría … - 2006

stationary solutions and local stability of equilibria. Taxes on labor and subsidies to education may determine the existence of …

Persistent link: https://www.econbiz.de/10005456417