ENGLISH

Dynamic Economic Problems with Regime Switches

By Willi Semmler , Raimund M. Kovacevic , Vladimir M. Veliov , Josef L. Haunschmied

Book information

Publisher
Springer International Publishing;Springer
Year
2021
ISBN
9783030545758, 9783030545765
DOI
10.1007/978-3-030-54576-5
Language
english
Format
PDF
Filesize
7 MB (6956556 bytes)
Series
Dynamic Modeling and Econometrics in Economics and Finance 25
Edition
1st ed.
Pages
XIII, 309\317
Time added
2021-01-06 05:41:07
Economics; Economic Theory/Quantitative Economics/

Description

This book presents the state of the art in the relatively new field of dynamic economic modelling with regime switches. The contributions, written by prominent scholars in the field, focus on dynamic decision problems with regime changes in underlying dynamics or objectives. Such changes can be externally driven or internally induced by decisions. Utilising the most advanced mathematical methods in optimal control and dynamic game theory, the authors address a broad range of topics, including capital accumulation, innovations, financial decisions, population economics, environmental and resource economics, institutional change and the dynamics of addiction. Given its scope, the book will appeal to all scholars interested in mathematical and quantitative economics.

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