Economic Dynamics and Information

Name: Economic Dynamics and Information
Brand: Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
SKU: 9783540326946
Price: 296.33 RON
Availability: InStock

Autor: Jaroslav Zajac

Limbă:

Legare: Carte broșată

Editura: Springer-Verlag Berlin and Heidelberg GmbH & Co. KG

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296.33 lei

This book analyzes the existence of equilibria in economies having a measured space of agents and a...

Informații despre carte

Autor

Jaroslav Zajac

Limbă

engleză

Legare

Carte - Carte broșată

Publicat

2006

Pagini

274

EAN

9783540326946

ISBN

3540326944

Enbook ID

01561759

Editura

Springer-Verlag Berlin and Heidelberg GmbH & Co. KG

Greutate

900

Dimensiuni

155 x 235 x 19

Descriere completă

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. The variety and variance of agent capabilities is reflected in such constructions as culture, social relations, ideology, politics, and preferences that change continuously with historical development. Information variety is an efficacious companion of systemic variety, and can support the performance of an economy, and can be an economically efficient cradle for adaptation to environmental and individual change and systemic evolution.

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Economic Dynamics and Information

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