Equilibrium, instability, growth and feedback in economics
Many important regularities observed in the economy are feedback processes, including stability, fluctuations, crises, lock-in/network effects and growth. Each type has its endogenous causal structure, driven by its specific incentive structure and agents' behavioural responses. The price mecha...
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Veröffentlicht in: | Feedback economics |
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Sprache: | eng |
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2021
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