Lingen Equilibrium Model The
Lingen Equilibrium Model The

Author: Hermann Witte

Publisher: LIT Verlag Münster

Published: 2021-12-20

Total Pages: 356

ISBN-13: 3643914725

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Equilibria protect against crisis. All disciplines of sciences have the objective to create equilibria. But economics are not successful in this point. Here a simple equilibrium model based on a wage-price-rule is demonstrated. Economics are able to create economic equilibria by using this rule. But in economic systems there are a lot of rules, especially in accounting, which make economic equilibria impossible. These rules must be changed. If it is possible to create economic equilibria, the side-effect is the realization of economic sustainability.

The Lingen Equilibrium Model
The Lingen Equilibrium Model

Author: Hermann Witte

Publisher: LIT Verlag

Published: 2021-01-11

Total Pages: 360

ISBN-13: 3643964722

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Equilibria protect against crisis. All disciplines of sciences have the objective to create equilibria. But economics are not successful in this point. Here a simple equilibrium model based on a wage-price-rule is demonstrated. Economics are able to create economic equilibria by using this rule. But in economic systems there are a lot of rules, especially in accounting, which make economic equilibria impossible. These rules must be changed. If it is possible to create economic equilibria, the side-effect is the realization of economic sustainability. Dr. Hermann Witte, Professor of Business Administration, Logistics and Environmental Economics, University of Applied Sciences Osnabruck, Campus Lingen, Institute of Management and Technology.

Equilibrium Models in Economics
Equilibrium Models in Economics

Author: Lawrence A. Boland

Publisher: Oxford University Press

Published: 2017

Total Pages: 289

ISBN-13: 0190274336

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The purpose and problems for equilibrium models -- Equilibrium models and explanation -- Equilibrium attainment vs. equilibrium necessities -- Does general equilibrium attainment imply universal maximization? -- Time and knowledge matters : general equilibrium attainment -- Equilibrium concepts and critiques : two cultures -- The limits of equilibrium models -- Recognizing knowledge in equilibrium models -- Limits of equilibrium methodology an educational dialogue -- Equilibrium models vs. realistic understanding -- Macroeconomic equilibrium model building and the stability problem -- Equilibrium models intended to overcome limits -- Equilibrium models vs. evolutionary economic models -- Equilibrium models vs. complexity economics -- Building models of price dynamics -- Building models of non-clearing markets -- Building models of learning and the equilibrium process -- Bibliography -- Names index -- Subject index

Price Dynamics in Equilibrium Models
Price Dynamics in Equilibrium Models

Author: Jan Tuinstra

Publisher: Springer Science & Business Media

Published: 2001

Total Pages: 252

ISBN-13: 9780792372653

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This text considers a number of adjustment processes in different economic models and investigates their dynamical behaviour in order to approach the question of how economic equilibria are attained. The theory of non linear dynamics is used to analyze the dynamics of the different economic models.

Dynamic General Equilibrium Modelling
Dynamic General Equilibrium Modelling

Author: Burkhard Heer

Publisher: Springer Science & Business Media

Published: 2005-12-05

Total Pages: 548

ISBN-13: 3540273123

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Modern business cycle theory and growth theory uses stochastic dynamic general equilibrium models. Many mathematical tools are needed to solve these models. The book presents various methods for computing the dynamics of general equilibrium models. In part I, the representative-agent stochastic growth model is solved with the help of value function iteration, linear and linear quadratic approximation methods, parameterised expectations and projection methods. In order to apply these methods, fundamentals from numerical analysis are reviewed in detail. Part II discusses methods for solving heterogeneous-agent economies. In such economies, the distribution of the individual state variables is endogenous. This part of the book also serves as an introduction to the modern theory of distribution economics. Applications include the dynamics of the income distribution over the business cycle or the overlapping-generations model. Through an accompanying home page to this book, computer codes to all applications can be downloaded.