English, Article, Journal or magazine article edition: General Pattern Formation in Recursive Dynamical Systems Models in Economics Anastasios Xepapadeas; William Brock

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Bookmark: http://trove.nla.gov.au/version/24080
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • General Pattern Formation in Recursive Dynamical Systems Models in Economics
Author
  • Anastasios Xepapadeas
  • William Brock
Physical Description
  • preprint
Notes
  • This 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.
  • Pattern Formation, Spatial Spillovers, Optimal Control, Spillover Induced Instability, Growth Models
  • RePEc:fem:femwpa:2009.49
Language
  • English
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