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http://hdl.handle.net/10419/53210
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| Title: | | General pattern formation in recursive dynamical systems models in economics  |
| Authors: | | Xepapadeas, Anastasios Brock, William |
| Issue Date: | | 2009 |
| Series/Report no.: | | Nota di lavoro // Fondazione Eni Enrico Mattei: Sustainable development 49.2009 |
| Abstract: | | 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. |
| Subjects: | | Pattern Formation Spatial Spillovers Optimal Control Spillover Induced Instability Growth Models |
| JEL: | | C61 O41 |
| Document Type: | | Working Paper |
| Appears in Collections: | | FEEM Working Papers, Fondazione Eni Enrico Mattei
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