Discrete Time Models in Economic Theory

Authors

  • Kazuo Nishimura lnstitute of Economic Research, Kyoto University, Yoshida-honmachi, Sakyo·ku, Kyoto 606- 850 1, Japan.
  • John Stachurski lnstitute of Economic Research, Kyoto University, Yoshida-honmachi, Sakyo·ku, Kyoto 606- 850 1, Japan.

Abstract

The paper exposits a number of key dynamic models from the field of economics. The models share the feature that evolution of the system is consistent with the optimizing behavior of rational economic agents. Specifically, the laws of motion that we investigate are solutions to discrete time dynamic decision processes. Eveu with rational agents and simple economic environments, a variety of complex behaviors are shown to obtain.

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Published

2004-03-01

How to Cite

[1]
K. Nishimura and J. Stachurski, “Discrete Time Models in Economic Theory”, CUBO, vol. 6, no. 1, pp. 187–207, Mar. 2004.

Issue

Vol. 6 No. 1 (2004): CUBO, A Mathematical Journal

Section

Articles