Skip to main content
SpringerLink
Log in

Some Examples of Dynamic Bilinear Models in Economics

  • Conference paper
Variable Structure Systems with Application to Economics and Biology

Part of the book series: Lecture Notes in Economics and Mathematical Systems ((LNE,volume 111))

Abstract

Bilinear models arise naturally in economic models. Concepts such as rate of change or percentage of change are more natural concepts in economics than the absolute change or change in magnitudes. A tax rate determines how much tax receipt is generated from gross income. Central banks do not think in terms of setting the amount of money stock but rather in terms of percentage changes in the rate of growth of money stocks, to cite a couple of examples.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Log in via an institution
Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 84.99
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 109.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  • Aoki, M., “Local Controllability of a Decentralized Economic System,” R. E. Stud. 61, 51–63, 1974a.

    Article  Google Scholar 

  • Aoki, M., “Control of Linear Discrete-Time Stochastic Dynamic Systems with Multiplicative Disturbances,” unpublished manuscript, 1974b.

    Google Scholar 

  • Aoki, M., “Output Decision by a Firm: An Example of Information Externalty,” Proc. Adaptive Economics, Math. Research Center, Univ. of Wisconsin, 1974c.

    Google Scholar 

  • Arrow, K. and Kurz, M., Public Investment, the Rate of Return and Optimal Fiscal Policy, Johns Hopkins Press, Baltimore, 1970.

    Google Scholar 

  • Miller, K. S., Linear Difference Equations, W. A. Benjamin, Inc., New York, 1968.

    Google Scholar 

Download references

Author information

Authors and Affiliations

  1. Departments of Economics and Electrical Engineering, University of Illinois at Urbana-Champaign, Urbana, Illinois, 61801, USA

    Masanao Aoki

Authors
  1. Masanao Aoki
    View author publications

    You can also search for this author in PubMed Google Scholar

Editor information

Editors and Affiliations

  1. Istituto di Automatica, Universita Roma, 00184, Roma, Italy

    A. Ruberti

  2. Dept. of Electrical and Computer Engineering, Oregon State University, 97331, Corvallis, Oregon, USA

    R. R. Mohler

Rights and permissions

Reprints and permissions

Copyright information

© 1975 Springer-Verlag Berlin · Heidelberg

About this paper

Cite this paper

Aoki, M. (1975). Some Examples of Dynamic Bilinear Models in Economics. In: Ruberti, A., Mohler, R.R. (eds) Variable Structure Systems with Application to Economics and Biology. Lecture Notes in Economics and Mathematical Systems, vol 111. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-47457-6_9

Download citation

  • DOI: https://doi.org/10.1007/978-3-642-47457-6_9

  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-540-07390-1

  • Online ISBN: 978-3-642-47457-6

  • eBook Packages: Springer Book Archive

Publish with us

Policies and ethics

Search

Navigation