Cart
Free Shipping in Australia
Proud to be B-Corp

Optimization and Chaos Mukul Majumdar

Optimization and Chaos By Mukul Majumdar

Optimization and Chaos by Mukul Majumdar


$365,39
Condition - New
Only 2 left

Summary

Chapters 3, 4, 5, 6, 7, and 9 appeared in a Symposium on Chaotic Dynamical Systems in Economic Theory (Volume 4, Number 5, 1994). For a course on dynamic optimization addressed to students with a good background in economic theory and real analysis, one can assign Chapter 2 as a partial introduction to the basic tech niques.

Optimization and Chaos Summary

Optimization and Chaos by Mukul Majumdar

This collection of essays brings together some articles on dynamic optimization models that exhibit chaotic behavior. Chapters 3, 4, 5, 6, 7, and 9 appeared in a Symposium on Chaotic Dynamical Systems in Economic Theory (Volume 4, Number 5, 1994). Also, Chapters 10,11, and 12 appeared in the Journal of Economic The ory. We would like to thank the authors, and Academic Press for permission to reprint. We are grateful to Professor C.D. Aliprantis for suggesting the idea of a book structured around the Economic Theory Symposium, and without the support and patience of Dr. Mueller this project could not have been completed. We would like to thank Ms. Amy Gowan who cheerfully per formed the arduous task of typing the manuscript. Thanks are also due to Xiao Qing Yu, Tridip Ray and Malabika Majumdar for their help at various stages in the preparation of the manuscript. For a course on dynamic optimization addressed to students with a good background in economic theory and real analysis, one can assign Chapter 2 as a partial introduction to the basic tech niques. Chapters 3 and 4 can be assigned to provide examples of simple optmization models generating complicated behavior.

Table of Contents

1 Dynamical Systems: A Tutorial.- 2 Introduction to Dynamic Optimization Theory.- 3 Periodic and Chaotic Programs of Optimal Intertemporal Allocation in an Aggregative Model with Wealth Effects.- 4 Optimal Chaos, Nonlinearity, and Feasibility Conditions.- 5 The Local Bifurcation of Ramsey Equilibrium.- 6 On the Structure of Ramsey Equilibirum: Cycles, Indeterminacy and Sunspots.- 7 Robust Ergodic Chaos in Discounted Dynamic Optimization Models.- 8 Non-Linear Dynamics and Chaos in Optimal Growth: A Constructive Exposition.- 9 Ergodic Chaos in Optimal Growth Models with Low Discount Rates.- 10 On the Minimum Rate of Impatience for Complicated Optimal Growth Paths.- 11 An Exact Discount Factor Restriction for Period-Three Cycles in Dynamic Optimization Models.- 12 On the Least Upper Bound of Discount Factors that are Compatible with Optimal Period-Three Cycles.- 13 On the Relationship between Discounting and Entropy of Dynamic Optimization Models.- References.

Additional information

NPB9783540670308
9783540670308
3540670300
Optimization and Chaos by Mukul Majumdar
New
Hardback
Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
2000-05-06
454
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
This is a new book - be the first to read this copy. With untouched pages and a perfect binding, your brand new copy is ready to be opened for the first time

Customer Reviews - Optimization and Chaos