Breaking the Circular Flow: A Dynamic Programming Approach to Schumpeter

DOI10.1007/978-3-319-32543-9_1zbMath1407.91164OpenAlexW2502606385MaRDI QIDQ4606762

Martin Shubik, William D. Sudderth

Publication date: 9 March 2018

Published in: Trends in Mathematical Economics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/978-3-319-32543-9_1

zbMATH Keywords

circular flowstrategic market gamesSchumpetercost innovation

Mathematics Subject Classification ID

Special types of economic equilibria (91B52) Dynamic programming (90C39) Special types of economic markets (including Cournot, Bertrand) (91B54)

Cites Work

• Production, interest, and saving in deterministic economies with additive endowments
• Income distribution, credit and fiscal policies in an agent-based Keynesian model
• An integration of equilibrium theory and turnpike theory
• Concepts of optimality and their uses
• A Stock Flow Consistent Analysis of a <scp>S</scp>chumpeterian Innovation Economy
• The General Theory of Employment, Interest, and Money
• Construction of Stationary Markov Equilibria in a Strategic Market Game

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