Nonlinear Dynamics in Economics, Finance and the Social Sciences

1. Front Matter

   Pages i-xv

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2. Transferring Negative Externalities: Feedback Effects of Self-Protection Choices in a Two Hemispheres Model

   • Angelo Antoci, Simone Borghesi

   Pages 1-11

3. Structural Change, Economic Growth and Environmental Dynamics with Heterogeneous Agents

   • Angelo Antoci, Paolo Russu, Elisa Ticci

   Pages 13-38

4. Bifurcations and Chaotic Attractors in an Overlapping Generations Model with Negative Environmental Externalities

   • Angelo Antoci, Ahmad Naimzada, Mauro Sodini

   Pages 39-53

5. Stock Dynamics in Stage Structured Multi-agent Fisheries

   • En-Guo Gu, Fabio Lamantia

   Pages 55-72

6. International Environmental Agreement: A Dynamical Model of Emissions Reduction

   • Marta Elena Biancardi

   Pages 73-93

7. R&D Cooperation in Real Option Game Analysis

   • Giovanni Villani

   Pages 95-115

8. Unifying Cournot and Stackelberg Action in a Dynamic Setting

   • Tonü Puu

   Pages 117-137

9. Issues on Strategy-Switching Dynamics

   • Weihong Huang

   Pages 139-156

10. R&D Public Expenditure, Knowledge Spillovers and Agglomeration: Comparative Statics and Dynamics

    • Pasquale Commendatore, Ingrid Kubin, Carmelo Petraglia

    Pages 157-180

11. Dynamics in Non-Binding Procurement Auctions with Boundedly Rational Bidders

    • Domenico Colucci, Nicola Doni, Vincenzo Valori

    Pages 181-193

12. Delay Differential Nonlinear Economic Models

    • Akio Matsumoto, Ferenc Szidarovszky

    Pages 195-214

13. Imperfect Competition, Learning and Fluctuations

    • Piero Ferri, Anna Maria Variato

    Pages 215-228

14. Persistent Disequilibrium Dynamics and Economic Policy

    • Luca Colombo, Gerd Weinrich

    Pages 229-249

15. On the Transition Dynamics in Endogenous Recombinant Growth Models

    • Fabio Privileggi

    Pages 251-278

16. Political Accountability: A Stochastic Control Approach

    • Michele Longo, Alessandra Mainini

    Pages 279-293

17. Behavioral Portfolio Choice and Disappointment Aversion: An Analytical Solution with “Small” Risks

    • Enrico Saltari, Giuseppe Travaglini

    Pages 295-311

18. A Simple Agent-based Financial Market Model: Direct Interactions and Comparisons of Trading Profits

    • Frank Westerhoff

    Pages 313-332

19. Global Bifurcations in a Three-Dimensional Financial Model of Bull and Bear Interactions

    • Fabio Tramontana, Laura Gardini, Roberto Dieci, Frank Westerhoff

    Pages 333-352

20. A Framework for CAPM with Heterogeneous Beliefs

    • Carl Chiarella, Roberto Dieci, Xue-Zhong He

    Pages 353-369

Over the last two decades there has been a great deal of research into nonlinear dynamic models in economics, finance and the social sciences. This book contains twenty papers that range over very recent applications in these areas. Topics covered include structural change and economic growth, disequilibrium dynamics and economic policy as well as models with boundedly rational agents. The book illustrates some of the most recent research tools in this area and will be of interest to economists working in economic dynamics and to mathematicians interested in seeing ideas from nonlinear dynamics and complexity theory applied to the economic sciences.

• Analysis
• Complex Systems
• Complexity Theory
• Disequilibrium Dynamics
• Economic Dynamics
• Heterogeneous Agents
• Nonlinear Dynamics
• agents

From the reviews: “Covering a wide range of economic applications, the book is especially useful as a source of inspiration for new ideas and research themes, as well as a repository of methodological references on the analysis of different kinds of dynamical systems … . the book is specially interesting for researchers in economics and in the social sciences who want to approach and explore the field of applications of non linear dynamics, who are looking for ideas to develop new papers in this field … .” (Segismundo S. Izquierdo, Journal of Artificial Societies and Social Simulation, Vol. 13 (3), 2010)

• Department of Economics, Università di Urbino "Carlo Bo", Urbino, Italy

  Gian Italo Bischi

• School of Finance & Economics, University of Technology, Sydney, Broadway, Australia

  Carl Chiarella

• Ist. di Scienze Economiche, Univ. Urbino, Urbino, Italy

  Laura Gardini

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