کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
966977 1479279 2008 17 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Information lag and dynamic stability
موضوعات مرتبط
مهندسی و علوم پایه ریاضیات ریاضیات کاربردی
پیش نمایش صفحه اول مقاله
Information lag and dynamic stability
چکیده انگلیسی
The role of information in economic dynamics is examined. A misconception that the removal of uncertainty always brings additional stability to an existing equilibrium is clarified. It is shown that the relation between information and equilibrium stability is not monotonic. Removing information lag may be either beneficial or detrimental to the stability of an economic equilibrium. Although the focus is on two-dimensional economic system where economically plausible possibilities are studied in theory and numerically illustrated, the conclusions have general implications to any multi-dimensional system.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Mathematical Economics - Volume 44, Issues 5–6, April 2008, Pages 513-529
نویسندگان
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