Nonlinear Dynamics in Equilibrium Models formatIsbn:Hardcover - 9783642223969 5UNTERNEHMENSKRISEN11

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Nonlinear Dynamics in Equilibrium Models formatIsbn:Hardcover - 9783642223969 5UNTERNEHMENSKRISEN11Optimal growth theory studies the problem of efficient resource allocation over time, a fundamental concern of economic research. Since the 1970s, the techniques of nonlinear dynamical systems have become a vital tool in optimal growth theory, illuminating dynamics and demonstrating the possibility of endogenous economic fluctuations. Kazuo Nishimura's seminal contributions on business cycles, chaotic equilibria and indeterminacy have been central to