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Some Recent Applied Economic Models

  • Jati K. Sengupta
Chapter
Part of the Theory and Decision Library book series (TDLB, volume 7)

Abstract

Recent trends in applied economic models have emphasized among others the following issues, their mathematical formulation and econometric verification: (1) how to model a stochastically optimal behavior under a dynamic environment influenced by uncertainty? (2) how to model the formation of expectations by economic agents and incorporate it in verifiable economic models? and (3) how to model the disequilibrium behavior among economic agents?

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Copyright information

© Springer Science+Business Media Dordrecht 1987

Authors and Affiliations

  • Jati K. Sengupta
    • 1
  1. 1.Department of EconomicsUniversity of CaliforniaSanta BarbaraUSA

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