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Titlebook: Set Valued Dynamical Systems and Economic Flow; Louis J. Cherene Book 1978 Springer-Verlag Berlin Heidelberg 1978 Wachstum.Wachstum (Wirts

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A General Framework for Dynamic Economic Systems,accentuate the characteristic dynamic aspect of these models — the continual reaction of an economic agent (or set of agents) to the changing information received from the environment, and the consequent adaptation of behavior to the state of the environment as it is perceived. Behavior may be a sol
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Comparative Dynamics of Models of Adaptive and Optimal Economic Growth,ing properties of the time path of the capital/labor ratio of a single output economy are expounded by Phelps [31] for linear savings behavior. Optimal paths for similar models with population either endogenous or controlled may be found in work by Lane [20, 21], where optimal control theory is used
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The Structure of Optimality in Dynamic Models,work the assumption of utility maximization is maintained while perfect knowledge and perfect competition are replaced with learning mechanisms and inaccurate forecasts of technical feasibility. These considerations of “positive” economics generate a dynamical system whose properties may be investig
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Book 1978of the study of dynamical systems at a level of sophistication likely to be understood by an economist versed in elementary topology. Whether an economic system is governed by a first order difference equation or several simultaneous multivalued partial differential equations, its solution is a flow
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The General Theory of Set Valued Semidynamical Systems, single valued solution of a difference or differential equation in single valued systems where, for each t, an initial condition corresponding to X is mapped to some other position in the state space. For such single valued systems, {Θ.} is a set of continuous mappings.
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