Macrostructures in Microeconomic Dynamics

This paper investigates topologically semiconjugate dynamics as a macrorepresentation of microeconomic dynamics. The condition for its existence, its summarizing property, and its inferability property are discussed. As an example, we present a model of a temporary equilibrium price dynamic that has a topologically semiconjugate one-dimensional income dynamic, from which the nature of the original price dynamic will be inferred.

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Year of publication:	2007
Authors:	Iimura, Takuya
Published in:	Studies in Nonlinear Dynamics & Econometrics. - Berkeley Electronic Press. - Vol. 5.2007, 4, p. 1084-1084
Publisher:	Berkeley Electronic Press
Subject:	topologically semiconjugate dynamics \| temporary equilibrium dynamics \| microfoundation of

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Extent:	application/pdf
Type of publication:	Article
Notes:	oai:bepress:
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10004966157