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:	2002
Authors:	Iimura, Takuya
Published in:	Studies in Nonlinear Dynamics & Econometrics. - De Gruyter, ISSN 1558-3708, ZDB-ID 1385261-9. - Vol. 5.2002, 4
Publisher:	De Gruyter
Subject:	topologically semiconjugate dynamics \| temporary equilibrium dynamics \| microfoundation of macroeconomics \| aggregation problem

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Type of publication:	Article
Type of publication (narrower categories):	research-article
Language:	English
Other identifiers:	10.2202/1558-3708.1084 [DOI]
Source:	Other ZBW resources

Persistent link: https://www.econbiz.de/10014620855