The Statistical Dynamics of Socio-Economic Systems

Lesse PF (1983). The Statistical Dynamics of Socio-Economic Systems. IIASA Collaborative Paper. IIASA, Laxenburg, Austria: CP-83-051

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Abstract

The paper deals with the following problems: (1) relationship between the dynamic changes observed in an economic system at the disaggregated level and, equilibrium description applicable at the aggregated scale; (2) relationship between entropy maximizing models and behavioral (cost minimizing, utility maximizing) models; (3) the answers are provided in terms of an entropy maximizing probability distribution based on topological characteristics of the dynamic equations (Lyapunov functions).

Item Type: Monograph (IIASA Collaborative Paper)
Research Programs: Regional Issues Program (RUD)
Depositing User: IIASA Import
Date Deposited: 15 Jan 2016 01:53
Last Modified: 22 Jul 2016 20:10
URI: http://pure.iiasa.ac.at/2331

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