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Dynamic Economic Problems with Regime Switches

Dynamic Economic Problems with Regime Switches

Paperback

Series: Dynamic Modeling and Econometrics in Economics and Finance, Book 25

EconomicsGeneral Mathematics

ISBN10: 3030545784
ISBN13: 9783030545789
Publisher: Springer
Published: Nov 8 2021
Pages: 309
Weight: 1.00
Height: 0.68 Width: 6.14 Depth: 9.21
Language: English
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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Haunschmied, Josef L.

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Economics