Dynamic Analysis In Complex Economic Environments

This book analyses decision-making in dynamic economic environments. By applying a wide range of methodological approaches, combining both analytical and computational methods, the contributors examine various aspects of optimal firm behaviour and relevant policy areas. Topics covered include optimal control, dynamic games, economic decision-making, and applications in finance and economics, as well as policy implications in areas such as pollution regulation. This book is dedicated to Christophe Deissenberg, a well-known and distinguished scholar of economic dynamics and computational economics. It appeals to academics in the areas of optimal control, dynamic games and computational economics as well as to decision-makers working in policy domains such as environmental policy.

This book presents the state of the art in the relatively new field of dynamic economic modelling with regime switches. The contributions, written by prominent scholars in the field, focus on dynamic decision problems with regime changes in underlying dynamics or objectives. Such changes can be externally driven or internally induced by decisions. Utilising the most advanced mathematical methods in optimal control and dynamic game theory, the authors address a broad range of topics, including capital accumulation, innovations, financial decisions, population economics, environmental and resource economics, institutional change and the dynamics of addiction. Given its scope, the book will appeal to all scholars interested in mathematical and quantitative economics.

Dynamic Analysis of the Urban Economy provides a dynamic analysis of business and residential economic activities in urban areas. This book is organized into four parts encompassing 13 chapters that cover some insights into the dynamic processes of complex urban relationships through construction and analysis of simple dynamic models of the urban economy, as well as the development of the so-called ""dynamic urban economics"" within the framework of general dynamic economics. The Introduction is a preview of the basic ideas about dynamics. This topic is followed by discussion on the theoretical analyses of dynamic urban systems. Part 1 emphasizes the dynamic stability property of spatial equilibrium and its relation to comparative statics. Part 2 considers the effects of various kinds of externalities o n the dynamic property of the urban economy, while Part 3 examines the long-run growth processes of the urban economy and their optimality property. Part 4 looks into the optimal size and configurations of an urban area in connection with agglomeration economies and traffic congestion. This book will be of great value to economic theorists.

Exploiting econometric techniques aimed at dealing with the dynamics of economic systems and the heterogeneity of agents performances, the volume integrates innovation-based reasoning with ex-post analyses, and presents ex-ante analyses able to evaluate the role of climate change policies by using computable general equilibrium models such as the Global Trade Analysis Project for Energy (GTAP-E). The authors merge and use a range of datasets, including OECD-PATSTAT and STAN, to test novel techniques informed by evolutionary economic theories and the Porter hypothesis. The immediate relevance and applicability of the models will strengthen the hand of policy analysts for whom the dynamic efficiency of environmental policy is a new, high-profile evaluation criterion.

This edited book considers social systems as self-organizing structures that reproduce new structural elements endowed with certain functional connections. The authors analyze innovative processes in social systems, leading to the sustainable convergence of knowledge and the emergence of technologies that improve the level of material well-being in society. The book summarizes research results in the field of digitalization and reveals deep connections with social problems. In addition, the book presents a whole array of innovative research on social systems management and the application of knowledge and intelligence to the solution of social problems. The contributing scholars and practitioners reflect on various types of social systems and assess the influence of disruptive factors from natural and coupled human-natural environments, discussing possible mechanisms for their neutralization. Sustainable development of social systems is among the most important tasks facing the contemporary world. The contributed book highlights challenges to the sustainability of social systems, draws sociotechnical images of the future world order generated by the rapid development of intellectual technologies, and critically analyzes promising concepts for more sustainable social future. Among the discussed topics in the book are social governance, digital economy, technological landscapes, social systems modeling and simulation, cyber-social systems, knowledge-based innovation systems, complex processes in social systems, institutional arrangements, and other advancing research areas. The high-quality and original studies presented in the book appeal to those interested in broadening their perspectives on complexity science, complex social systems research, complex systems management, advanced technological development in social systems, etc. Since the book is rich with well-thought theories, advanced research approaches, and interdisciplinary research results, it becomes a great source of new ideas and insights on complex social systems.

Statistical analysis of stock markets and foreign exchange markets has demonstrated the intermittent nature of economic time series. A nonlinear model of business cycles is able to simulate intermittency arising from order-chaos and chaos-chaos transitions. This monograph introduces new concepts of unstable periodic orbits and chaotic saddles, which are unstable structures embedded in a chaotic attractor and responsible for economic intermittency.

Ake E.Andersson has always been intellectually on the move. He has selected his own track through the academic system and has formed a school of thought which has brought him international recognition. The cornerstones of his scientific interest are welfare analysis, regional economic dynamics and human capital theory. For his excellent achievements on dynamic analysis in the field of regional economics and regional planning he received the Japanese Honda Prize in 1995. This book provides a sample of the broad ranging research of Ake E.Andersson. Here some of his friends and colleagues have contributed to give various examples from the growing research field "Knowledge and Networks in a Dynamic Economy" in which he has been a great inspiration and in which he has contributed as part of his prodigious output.