Global Analysis of Dynamic Models in Economics and Finance
Essays in Honour of Laura Gardini

Editors: Gian Italo Bischi, Carl Chiarella, Iryna Sushko



Global analysis of dynamic models in economics, finance and the social sciences

Analysis of stochastic dynamical systems

Various applications of dynamic models in economics, finance and the social sciences

The essays in this special volume survey some of the most recent advances in the global analysis of dynamic models for economics, finance and the social sciences. They deal in particular with a range of topics from mathematical methods as well as numerous applications including recent developments on asset pricing, heterogeneous beliefs, global bifurcations in complementarity games, international subsidy games and issues in economic geography. A number of stochastic dynamic models are also analysed. The book is a collection of essays in honour of the 60th birthday of Laura Gardini.

Table of contents (16 chapters)

Recent Developments in Asset Pricing with Heterogeneous Beliefs and Adaptive Behaviour of Financial Markets

Modeling House Price Dynamics with Heterogeneous Speculators

A Reconsideration of the Formal Minskyan Analysis: Microfundations, Endogenous Money and the Public Sector

Global Bifurcations in a Complementarity Game

A Little Help from My Friend: International Subsidy Games with Isoelastic Demands

Pattern Formation in Economic Geography

A Three-Region New Economic Geography Model in Discrete Time: Preliminary Results on Global Dynamics

Chaotic Dynamics in Organization Theory

One-Dimensional Discontinuous Piecewise-Linear Maps and the Dynamics of Financial Markets

Consistency of Linear Forecasts in a Nonlinear Stochastic Economy

A Homoclinic Route to Volatility: Dynamics of Asset Prices Under Autoregressive Forecasting

Image Entropy for Discrete Dynamical Systems

Embedding of a Dim1 Piecewise Continuous and Linear Leonov Map into a Dim2 Invertible Map

A Gallery of Bifurcation Scenarios in Piecewise Smooth 1D Maps

Periodic Orbits and Their Bifurcations in 3D Maps with a Separate Third Iterate

Complexities of Natural Selection Dynamics