Positive feedback economies

書誌事項

Positive feedback economies

Elettra Agliardi

St. Martin's Press , Macmillan Press, 1998

  • : [us]
  • : [uk]

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注記

Includes bibliographical references (p. 141-151) and index

内容説明・目次

巻冊次

: [us] ISBN 9780312212483

内容説明

The objective of this book is to study the economy as a complex system and to show that the presence of self-reinforcing mechanisms in very different economic problems gives rise to common regularities and common qualitative properties. Dynamic systems of the self-reinforcing type are considered, that is, systems with local positive feedbacks. Economic theory maintains that positive feedbacks can cause multiple equilibria and possible inefficiency.'This book concentrates on the less familiar properties of lock-in, path-dependence and symmetry-breaking.
巻冊次

: [uk] ISBN 9780333621288

内容説明

The aim of this text is to study the economy as a complex system and to show that the presence of self-reinforcing mechanisms in very different economic problems gives rise to common regularities and common qualitative properties. Dynamic systems of the self-reinforcing types are considered; that is, systems with local positive feedbacks. Economic theory maintains that positive feedbacks can cause multiple equilibria and possible inefficiency. This book concentrates on the less familiar properties of lock-in, path dependence and symmetry-breaking.

目次

Preface - Introduction - Self-Reinforcing Mechanisms and Complex Economic Dynamics - Some Mathematics for Complex Economic Systems - Network Externalities and Discontinuous Adoption Paths - Exit from Lock-In and Market Information - Positive Feedbacks and Lock-In by Random Events - Regularities in the Aggregate Behaviour of Interacting Economic Agents - Conclusion - References - Index

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