Cover for Adaptive Economic Models

Adaptive Economic Models

Proceedings of a Symposium Conducted by the Mathematics Research Center, the University of Wisconsin–Madison, October 21–23, 1974

Book1975

Edited by:

Richard H. Day and Theodore Groves

Adaptive Economic Models

Proceedings of a Symposium Conducted by the Mathematics Research Center, the University of Wisconsin–Madison, October 21–23, 1974

Book1975

 

Cover for Adaptive Economic Models

Edited by:

Richard H. Day and Theodore Groves

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Book description

Adaptive Economic Models provides information pertinent to the adaptive processes in economics. This book discusses the developments on research in the field of adaptive economics. ... read full description

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  1. Full text access
  2. Book chapterAbstract only

    Adaptive Processes and Economic Theory

    Richard H. Day

    Pages 1-38

  3. Book chapterAbstract only

    Biological Systems as Paradigms for Adaptation

    Robert Rosen

    Pages 39-72

  4. Book chapterAbstract only

    Optimization and Evolution in the Theory of the Firm

    Sidney G. Winter

    Pages 73-118

  5. Book chapterAbstract only

    The Market Adaptation of the Firm

    Cliff Lloyd, David Rapport and James E. Turner

    Pages 119-135

  6. Book chapterAbstract only

    Learning by Firms about Demand Conditions

    Alan P. Kirman

    Pages 137-156

  7. Book chapterAbstract only

    Output Decisions by a Firm: An Example of a Dual Control Problem with Information Externalities

    Masanao Aoki

    Pages 157-193

  8. Book chapterAbstract only

    Further Notes on the Allocation of Effort

    Michael Rothschild

    Pages 195-220

  9. Book chapterAbstract only

    On Multi- and Ultrastable States in Hierarchical Multilevel Multigoal Systems (abstract)

    Christer Carlsson

    Pages 221-222

  10. Book chapterAbstract only

    Adaptive Utility

    Richard M. Cyert and Morris H. DeGroot

    Pages 223-246

  11. Book chapterAbstract only

    Convergence of Adaptive Decisions

    Frederic B. Shipley

    Pages 247-272

  12. Book chapterNo access

    Approximate Minimization of Noncovex Integral Functionals (abstract)

    J.P. Aubin and I. Ekeland

    Pages 273-278

  13. Book chapterAbstract only

    Equilibrium under Uncertainty and Bayesian Adaptive Control Theory

    Sanford Grossman

    Pages 279-307

  14. Book chapterAbstract only

    Market Adjustment with Adaptive Supply and Pricing Decisions

    William R. Porter

    Pages 309-325

  15. Book chapterAbstract only

    Demand for Labor in a Dynamic Theory of the Firm

    William J. Scanlon and Charles C. Holt

    Pages 327-360

  16. Book chapterAbstract only

    Productivity Increase as a Learning Process (abstract)

    Karl O. Faxén

    Pages 361-362

  17. Book chapterAbstract only

    Diffusion of Innovations under Imperfect Competition

    Alessandro Cigno

    Pages 363-386

  18. Book chapterAbstract only

    Autonomous Control of the Economic System: A Survey (abstract)

    András Simonovits

    Pages 387-389

  19. Book chapterAbstract only

    Modelling Discrete Adaptive Behavior in the Chemical Process Industries

    Gary J. Powers

    Pages 391-409

  20. Book chapterAbstract only

    Modelling the Development of the Intermediate Chemicals Industry

    Dale F. Rudd

    Pages 411-452

  21. Book chapterAbstract only

    Economic Adjustments under Noncompetitive Pricing

    Hukukane Nikaido

    Pages 453-477

  22. Book chapterAbstract only

    Equilibrium in Stochastic Economic Models

    Mukul Majumdar

    Pages 479-498

  23. Book chapterAbstract only

    Temporary Walrasian Equilibrium in a Monetary Economy

    Bryce Hool

    Pages 499-512

  24. Book chapterAbstract only

    Mathematical Models for a Theory of Money and Financial Institutions

    Martin Shubik

    Pages 513-574

  25. Book chapterNo access

    Index

    Pages 575-581

About the book

Description

Adaptive Economic Models provides information pertinent to the adaptive processes in economics. This book discusses the developments on research in the field of adaptive economics. Organized into 23 chapters, this book begins with an overview of the study of economic processes using concepts of adaptation. This text then explains how concepts arising from biology can be formulated in such a way that they can be a source of insight into man's social systems. Other chapters present a general view of the adaptation of the firm to its environment and discuss how a firm with a definite commodity in mind can decide whether to enter a given established market. This book discusses as well the simple duopoly problem in which firms are in error in the sense that they specify an incomplete model and add a random error term. The final chapter deals with the set of models and problems for the development of a theory of money and financial institutions. This book is a valuable resource for economic theorists and economists.

Adaptive Economic Models provides information pertinent to the adaptive processes in economics. This book discusses the developments on research in the field of adaptive economics. Organized into 23 chapters, this book begins with an overview of the study of economic processes using concepts of adaptation. This text then explains how concepts arising from biology can be formulated in such a way that they can be a source of insight into man's social systems. Other chapters present a general view of the adaptation of the firm to its environment and discuss how a firm with a definite commodity in mind can decide whether to enter a given established market. This book discusses as well the simple duopoly problem in which firms are in error in the sense that they specify an incomplete model and add a random error term. The final chapter deals with the set of models and problems for the development of a theory of money and financial institutions. This book is a valuable resource for economic theorists and economists.

Details

ISBN

978-0-12-207350-2

Language

English

Published

1975

Copyright

Copyright © 1975 Elsevier Inc. All rights reserved.

Imprint

Academic Press

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Editors

Richard H. Day

Theodore Groves