Intertemporal and Strategic Modelling in Economics : Dynamics and Games for Economic Analysis

• Record Nr.: UNINA9910588594703321
• Autore: Gomes Orlando
• Pubbl/distr/stampa: Cham : , : Springer International Publishing AG, , 2022; ©2022
• ISBN: 9783031096006; 9783031095993
• Descrizione fisica: 1 online resource (258 pages)
• Collana: Lecture Notes in Economics and Mathematical Systems Ser. ; ; v.693
• Disciplina: 330.015195
• Soggetti: Electronic books.
• Lingua di pubblicazione: Inglese
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Nota di contenuto: Intro -- Preface -- Contents -- 1 Dynamics: Intertemporal Decision-Making -- 1.1 The Two-Period Budget Constraint -- 1.2 The Intertemporal Budget Constraint -- 1.3 The Utility Function -- 1.4 Time Preference and Intertemporal Utility -- 1.5 The Two-Period Utility Maximization Problem -- 1.6 The Infinite Horizon Utility Maximization Problem -- 1.7 Endogenous Labor Supply -- 1.8 Finite Horizons and Life Cycle Choices -- 1.9 Money and Prices -- 1.10 Decreasing Impatience and Inconsistent Plans -- 1.11 Review Questions -- 2 Games: Strategic Decision-Making -- 2.1 Basic Elements of a Game -- 2.2 Normal Form Games -- 2.3 Dominant Strategies and Nash Equilibrium -- 2.4 Classification of Game Solutions -- 2.5 Examples of Normal Form Two-Player Games -- 2.6 Games with More Than Two Strategies -- 2.7 Mixed Strategies -- 2.8 Games with Incomplete Information -- 2.9 Sequential Games or Games in Extensive Form -- 2.10 Evolutionary Games -- 2.11 Review Questions -- 3 Economic Growth Models -- 3.1 The Neoclassical Production Function -- 3.2 The Profit Maximization Problem of the Representative Firm -- 3.3 Neoclassical Growth with Exogenous Savings (the Solow Model) -- 3.4 Income Convergence -- 3.5 Additional Elements: Population Growth and Labor Productivity -- 3.6 The Ramsey Growth Model -- 3.7 Transitional Dynamics in the Ramsey Growth Model -- 3.8 Growth in Discrete Time -- 3.9 Investment with Adjustment Costs -- 3.10 ; Overlapping Generations and Growth -- 3.11 Review Questions -- 4 More on Growth Dynamics: Endogenous Growth and Beyond -- 4.1 Endogenous Growth with Exogenous Savings: The AK Model -- 4.2 The AK Model with Transitional Dynamics -- 4.3 Externalities and Endogenous Growth -- 4.4 Human Capital and Endogenous Growth -- 4.5 The Dynamics of the Uzawa-Lucas Model -- 4.6 Technical Progress and Endogenous Growth -- 4.7 A Model of Allocation of Time.; 4.8 Automation and the Fall of the Labor Share -- 4.9 Heterogeneity: Ants and Grasshoppers -- 4.10 Ants and Grasshoppers in an AK Endogenous Growth Model -- 4.11 Review Questions -- 5 The Search and Matching Model -- 5.1 The Matching Function and Labor Market Tightness -- 5.2 Unemployment Dynamics -- 5.3 Optimal Firm's Behavior -- 5.4 Optimal Worker's Behavior -- 5.5 Wage Bargaining -- 5.6 Equilibrium and Dynamics -- 5.7 Search Intensity -- 5.8 Endogenous Job Destruction and Endogenous Unemployment Benefit -- 5.9 Heterogeneity -- 5.10 A Goods Market Search and Matching Model -- 5.11 Review Questions -- 6 Fiscal Policy and Government Intervention -- 6.1 The Government Budget Constraint in Two-Periods -- 6.2 The Government Budget Constraint in Multiple Periods -- 6.3 Ricardian Equivalence (Two Periods) -- 6.4 Ricardian Equivalence (Long Horizons) -- 6.5 Tax Systems and Welfare -- 6.6 A Two-Period Model With Multiple Taxes -- 6.7 Social Security -- 6.8 Social Security as Insurance -- 6.9 Unemployment Benefit -- 6.10 A Public Goods Game -- 6.11 Review Questions -- 7 New Keynesian Macro Dynamics -- 7.1 Household Behavior Under Monopolistic Competition -- 7.2 Firm Behavior Under Monopolistic Competition -- 7.3 Macro Equilibrium Without Nominal Rigidities -- 7.4 Price Stickiness -- 7.5 The New Keynesian Is and Phillips Curves -- 7.6 The Dynamics of the New Keynesian Model: Optimal Monetary Policy -- 7.7 The Dynamics of the New Keynesian Model: The Taylor Rule -- 7.8 Information Stickiness -- 7.9 Heterogeneous Agents: Fundamentalists Versus Trend Followers -- 7.10 Heterogenous Agents: Optimizers Versus Hand-to-Mouth Consumers -- 7.11 Review Questions -- 8 International Trade and Geography -- 8.1 A Heterogeneous Productivity Setting -- 8.2 Iceberg Costs and Exports -- 8.3 Imports -- 8.4 Market Dimension, Cost Structure, and Dynamic Gains from Trade.; 8.5 Foreign Direct Investment -- 8.6 Simple Location Dynamics -- 8.7 A Time-Space Equation -- 8.8 An Epidemiological Model of Knowledge Diffusion -- 8.9 Waves of Knowledge Propagation -- 8.10 International Environmental Management -- 8.11 Review Questions -- 9 Additional Applications -- 9.1 The Cobweb Market Model -- 9.2 Allocation of Talent and Economic Growth -- 9.3 Basic Science Versus Applied Technology: Setup -- 9.4 Basic Science Versus Applied Technology: Dynamics -- 9.5 Socially Responsible Investment: Setup -- 9.6 Socially Responsible Investment: Dynamics -- 9.7 Agency Relations in the Brain: Setup -- 9.8 Agency Relations in the Brain: Dynamics -- 9.9 Chaos: A Simple Example -- 9.10 Rock-Paper-Scissors Evolutionary Game -- 9.11 Review Questions -- Reference List/Suggestions for Further Reading.