Dynamic interaction models of economic equilibrium
نویسندگان
چکیده
منابع مشابه
Dynamic interaction models of economic equilibrium
The paper develops a stochastic dynamic model of economic equilibrium with locally interacting agents. The main focus of the study is on the modeling of market interactions – those arising in connection with commodity exchange and regulated by price mechanisms. The mathematical framework is a control theory for random vector fields on directed graphs. The graphs involved serve to describe the s...
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ژورنال
عنوان ژورنال: Journal of Economic Dynamics and Control
سال: 2009
ISSN: 0165-1889
DOI: 10.1016/j.jedc.2008.04.011