Games and dynamics in economics : essays in Honor of Akio Matsumoto / Ferenc Szidarovszky, Gian Italo Bischi, editors.

Format:

Book

Contributor:

Szidarovszky, Ferenc, editor.

Bischi, Gian Italo, editor.

Language:

English

Subjects (All):

Game theory.

Economic development.

Economic policy.

Economics.

Operations research.

Decision making.

Management science.

Physical Description:

xxiii, 290 pages : illustrations ; 23 cm

Place of Publication:

[Singapore] : Springer, [ 2020]

Summary:

This book focuses on the latest advances in nonlinear dynamic modeling in economics and finance, mainly--but not solely--based on the description of strategic interaction by using concepts and methods from dynamic and evolutionary game theory. The respective chapters cover a range of theoretical issues and examples concerning how the qualitative theory of dynamical systems is used to analyze the local and global bifurcations that characterize complex behaviors observed in social systems where heterogeneous and boundedly rational economic agents interact. Nonlinear dynamical systems, represented by difference and differential and functional equations, are extensively used to simulate the behavior of time-evolving economic systems, also in the presence of time lags, discontinuities, and hysteresis phenomena. In addition, some theoretical issues and particular applications are discussed, as well. The contributions gathered here offer an up-to-date review of the latest research in this rapidly developing research area.

ISBN:

9811536228

9789811536229

OCLC:

1138673059