Adaptive Economic Models
Proceedings of a Symposium Conducted by the Mathematics Research Center, the University of Wisconsin-Madison, October 21-23, 1974
Published on 10. May 2014
592 pages
978-1-4832-6732-6 (ISBN)
Description
Adaptive Economic Models provides information pertinent to the adaptive processes in economics. This book discusses the developments on research in the field of adaptive economics. Organized into 23 chapters, this book begins with an overview of the study of economic processes using concepts of adaptation. This text then explains how concepts arising from biology can be formulated in such a way that they can be a source of insight into man's social systems. Other chapters present a general view of the adaptation of the firm to its environment and discuss how a firm with a definite commodity in mind can decide whether to enter a given established market. This book discusses as well the simple duopoly problem in which firms are in error in the sense that they specify an incomplete model and add a random error term. The final chapter deals with the set of models and problems for the development of a theory of money and financial institutions. This book is a valuable resource for economic theorists and economists.
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Richard H. Day | Theodore Groves
Adaptive Economic Models
Book
01/1975
Academic Press
€34.05
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Content
¿Adaptive Processes and Economic TheoryBiological Systems as Paradigms for AdaptationOptimization and Evolution in the Theory of the FirmThe Market Adaptation of the FirmLearning by Firms About Demand ConditionsOutput Decisions by a Firm: An Example of a Dual Control Problem with Information ExternalitiesFurther Notes on the Allocation of EffortOn Multi- and Ultrastable States in Hierarchical Multilevel Multigoal Systems (Abstract)Adaptive UtilityConvergence of Adaptive DecisionsApproximate Minimization of Noncovex Integral Functionals (Abstract)Equilibrium Under Uncertainity, and Bayesian Adaptive Control TheoryMarket Adjustment with Adaptive Supply and Pricing DecisionsDemand for Labor in a Dynamic Theory of the FirmProductivity Increase as a Learning Process (Abstract)Diffusion of Innovations Under Imperfect CompetitionAutonomous Control of the Economic System: A Survey (Abstract)Modelling Discrete Adaptive Behavior in the Chemical Process IndustriesModelling the Development of the Intermediate Chemicals IndustryEconomic Adjustments Under Noncompetitive PricingEquilibrium in Stochastic Economic ModelsTemporary Walrasian Equilibrium in a Monetary EconomyMathematical Models for a Theory of Money and Financial InstitutionsIndex
