Titlebook: Essays in Economic Dynamics; Theory, Simulation A Akio Matsumoto,Ferenc Szidarovszky,Toichiro Asada Book 2016 Springer Science+Business Med

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Hotelling Duopoly Revisitedon. Most of them have focused on the paradoxical case of crowding in the middle when demand is totally inelastic. Yet Hotelling conjectured that this would not happen if the consumers not only chose the least expensive supplier, but their demand were dependent on the price charged. However, surprisi

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Learning in Monopolies with Delayed Price Informationa monopoly has full information about the marginal price and its own cost function but is uncertain about the maximum price. Based on repeated price observations an adaptive learning process can be developed for the maximum price. If the price observations have fixed delays, then the learning proces

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Different Modelling Approaches for Time Lags in a MonopolyNaimzada and Ricchiuti (Appl Math Comput 203:921–925, .). In particular, the article characterises the dynamics of continuous time models with delays related to several assumptions regarding the bounded rationality of the monopolist. Some results about global dynamics are also obtained through simul

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Dynamic Oligopoly Models with Production Adjustment and Investment Costsel from the previous time period as well as increasing the output level from the already built up capacity limit are included. In this way the costs of laying off or hiring new workers and making investments for increasing capacity are essential parts of the model. The best response functions of the

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A Stylized Model for Long-Run Index Return Dynamicsredict long-horizon market performances. Specifically, we discuss a model in which returns are driven by a fundamental term and an autoregressive component perturbed by external random disturances. The autoregressive component arises from the agents’ belief that expected returns are higher in bullis

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The Stability of Normal Equilibrium Point and the Existence of Limit Cycles in a Simple Keynesian Maflation, and nominal money supply in the period of deflationary depression, which was introduced by Asada (.) is investigated rigorously. The normal equilibrium point of the model is derived and its dynamic stability is investigated. Questions concerning the existence of limit cycles are studied ana

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