Economic Dynamics and Information is popular PDF and ePub book, written by Jaroslav Zajac in 2007-08-01, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Economic Dynamics and Information can be Read Online from any device for your convenience.
Economic Dynamics and Information Book PDF Summary
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.
Detail Book of Economic Dynamics and Information PDF
- Author : Jaroslav Zajac
- Release : 01 August 2007
- Publisher : Springer Science & Business Media
- ISBN : 9783540326953
- Genre : Business & Economics
- Total Page : 274 pages
- Language : English
- PDF File Size : 17,7 Mb
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