Economic Dynamics and Information (Lecture Notes in Economics and Mathematical Systems, 576, Band 576) - Softcover

Zajac, Jaroslav

 
9783540326946: Economic Dynamics and Information (Lecture Notes in Economics and Mathematical Systems, 576, Band 576)
Softcover
ISBN 10: 3540326944 ISBN 13: 9783540326946
Verlag: Springer Berlin Heidelberg, 2008

Inhaltsangabe

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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Verlag
Springer Berlin Heidelberg
Erscheinungsdatum
2008
Sprache
Englisch
ISBN 10 
3540326944
ISBN 13 
9783540326946
Einband
Taschenbuch
Anzahl der Seiten
288
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