General Pattern Formation in Recursive Dynamical Systems Models in Economics

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dc.creatorBrock, William A.
dc.creatorXepapadeas, Anastasios
dc.date2017-04-01T16:29:23Z
dc.date.accessioned2026-07-09T04:51:32Z
dc.descriptionThis paper presents a fairly general treatment of recursive infinite horizon forward looking optimizing systems on infinite dimensional spatial domains. It includes optimal control, an analysis of local stability of spatially flat optimal steady states and development of techniques to compute spatially heterogeneous optimal steady states. The paper also develops a concept of rational expectations equilibrium, a local stability analysis for spatially homogeneous rational expectations steady states, and computational techniques for spatially heterogeneous rational expectations steady states.
dc.identifierdoi:10.22004/ag.econ.52345
dc.identifierhttps://ageconsearch.umn.edu/record/52345/files/49-09.pdf
dc.identifierhttp://ageconsearch.umn.edu/record/52345
dc.identifier.urihttp://hdl.handle.net/123456789/555812
dc.languageeng
dc.publisher
dc.sourcehttp://ageconsearch.umn.edu/record/52345
dc.titleGeneral Pattern Formation in Recursive Dynamical Systems Models in Economics
dc.typeText

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