Games and Dynamics in Economics

Name: Games and Dynamics in Economics
Brand: Springer Nature
SKU: 9789811536229
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Springer Nature

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9789811536229

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New

Product Description

This book focuses on the latest advances in nonlinear dynamic modeling in economics and finance, mainlybut not solelybased on the description of strategic interaction by using concepts and methods from dynamic and evolutionary game theory. The respective chapters cover a range of theoretical issues and examples concerning how the qualitative theory of dynamical systems is used to analyze the local and global bifurcations that characterize complex behaviors observed in social systems where heterogeneous and boundedly rational economic agents interact. Nonlinear dynamical systems, represented by difference and differential and functional equations, are extensively used to simulate the behavior of time-evolving economic systems, also in the presence of time lags, discontinuities, and hysteresis phenomena. In addition, some theoretical issues and particular applications are discussed, as well. The contributions gathered here offer an up-to-date review of the latest research in thisrapidly developing research area.

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