Disequilibrium Economics

1. Front Matter

   Pages i-xviii

   PDF

2. Introductory Matter

   1. Front Matter

      Pages 1-1

      PDF

   2. Utility and Demand

      • Tönu Puu

      Pages 3-15

   3. Elements of Production

      • Tönu Puu

      Pages 17-37

3. Models

   1. Front Matter

      Pages 39-39

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   2. Cournot I: Constant Returns

      • Tönu Puu

      Pages 41-71

   3. Cournot II: Returns to Scale and Stability

      • Tönu Puu

      Pages 73-96

   4. Bertrand

      • Tönu Puu

      Pages 97-123

   5. Stackelberg

      • Tönu Puu

      Pages 125-153

   6. Hotelling Duopoly

      • Tönu Puu

      Pages 155-182

   7. Disequilibrium Trade and Pricing of Durable Commodities

      • Tönu Puu

      Pages 183-200

   8. Macroeconomics and the Trade Cycle

      • Tönu Puu

      Pages 201-239

4. Model Stubs

   1. Front Matter

      Pages 241-241

      PDF

   2. Introduction to the Stubs

      • Tönu Puu

      Pages 243-244

   3. CAUDEX PRIMUS

      • Tönu Puu

      Pages 245-249

   4. CAUDEX SECUNDUS

      • Tönu Puu

      Pages 251-254

   5. CAUDEX TERTIUS

      • Tönu Puu

      Pages 255-258

   6. CAUDEX QUARTUS

      • Tönu Puu

      Pages 259-261

   7. CAUDEX QUINTUS

      • Tönu Puu

      Pages 263-265

   8. CAUDEX SEXTUS

      • Tönu Puu

      Pages 267-270

This book discusses mathematical models for various applications in economics, with a focus on non-linear dynamics. Based on the author’s over 50 years of active work in the field, the book has been inspired by models from the period between 1920 and 1950. Following a brief introduction to economics for mathematicians and other modelers, it assembles a repository of useful specific functions for global dynamic modeling. Furthermore, twelve “research stubs” – outlined research agendas that have not yet been fully worked on – are suggested for further study and could even be expanded to entire research projects. The book is a valuable resource, particularly for young scientists who are skilled in mathematical and computational techniques and are looking for applications in economics.

• Mathematical Economics
• Nonlinear Systems
• Periodic, Quasi-periodic, Chaotic Dynamics
• Industrial Organization
• Business Cycles
• Disequilibrium Exchange and Pricing

• Centre for Regional Science (CERUM), Umeå University, Umeå, Sweden

  Tönu Puu

Tönu Puu is a Swedish economist of Estonian descent. He worked as acting full professor of economics at Uppsala University from 1963-1970, where he received his Ph.D., and was appointed ordinary professor of economics at Umeå University in 1971. Since 2001, when he became an emeritus professor, he has been working as a senior professor at the Centre for Regional Science (CERUM). In 2014 he was awarded the Doctor Jubilaris of Uppsala University. Puu has published over 20 books and more than 120 scholarly articles on economics, philosophy and mathematics. Topics studied include portfolio selection, investment and production, philosophy of science (in collaboration with Sir Karl Popper), spatial economics, economics of the arts, nonlinear dynamic processes, oligopoly and business cycles.
Puu was founder and director of the Nordic Baroque Music Festival from 1987 to 2001 and in this capacity received the Prize for Extraordinary Promotion of Culture, awarded by the county government. Other musical interests include playing the viola da gamba and being a "luthier", making his own instruments.

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