Over the last two decades there has been a great deal of research into nonlinear dynamic models in economics, finance and the social sciences. This book contains twenty papers that range over very recent applications in these areas. Topics covered include structural change and economic growth, disequilibrium dynamics and economic policy as well as models with boundedly rational agents. The book illustrates some of the most recent research tools in this area and will be of interest to economists working in economic dynamics and to mathematicians interested in seeing ideas from nonlinear dynamics and complexity theory applied to the economic sciences.widely recognized that heterogeneity can have a significant impact on asset pricing. As one of the fundamental asset pricing equilibrium models, the CAPM plays a very important role in modern finance and economics. However, the frameworkanbsp;...
|Title||:||Nonlinear Dynamics in Economics, Finance and the Social Sciences|
|Author||:||Gian Italo Bischi, Carl Chiarella, Laura Gardini|
|Publisher||:||Springer Science & Business Media - 2009-12-15|