Mathematical Theory of Economic Dynamics and Equilibria

This book is devoted to the mathematical analysis of models of economic dynamics and equilibria. These models form an important part of mathemati­ cal economics. Models of economic dynamics describe the motion of an economy through time. The basic concept in the study of these models is that of a tr...

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Bibliographic Details
Main Authors: Makarov, V.L., Rubinov, A.M. (Author)
Format: eBook
Language:English
Published: New York, NY Springer New York 1977, 1977
Edition:1st ed. 1977
Subjects:
Online Access:
Collection: Springer Book Archives -2004 - Collection details see MPG.ReNa
Table of Contents:
  • 1 Theory of point-set maps
  • 1.1 Introductory concepts
  • 1.2 Superlinear functionals and convex sets
  • 1.3 Elements of the topological theory of point-set maps
  • 1.4 Superlinear maps and their duals
  • 2 The Neumann-Gale model
  • 2.1 Formulation of the Neumann-Gale model
  • 2.2 Rates of growth in the Neumann-Gale model
  • 2.3 Spectral theory of superlinear maps
  • 3 Optimal trajectories and their characteristics
  • 3.1 A general technological model of economic dynamics
  • 3.2 Characteristics of optimal trajectories
  • 3.3 Characteristics of optimal trajectories in some concrete models
  • 3.4 Generalized technological models
  • 3.5 Characteristics of trajectories of infinite-dimensional models
  • 4 Asymptotes of optimal trajectories
  • 4.1 The weak turnpike theorem
  • 4.2 Strong turnpike theorem
  • 4.3 The strongest turnpike theorem
  • 4.4 Asymptotes of trajectories of general technological models
  • 5 Models of economic equilibria
  • 5.1 n-person games
  • 5.2 A finite-horizon model of economic equilibria
  • 5.3 Competitive equilibria and optimality
  • 6 Models of economic dynamics with explicit consumption
  • 6.1 Definition of the general model of economic dynamics—its relation to the technological model
  • 6.2 The turnpike
  • 6.3 Economic equilibria on infinite intervals and U-optimal trajectories
  • Historical comments and comments about the literature
  • References