Skip to main content
SpringerLink
Log in

Synergetic Aspects in Economic Modelling

  • Conference paper
Papers of the 19th Annual Meeting / Vorträge der 19. Jahrestagung

Part of the book series: Operations Research Proceedings ((ORP,volume 1990))

  • 169 Accesses

Abstract

Stochastic modelling of the decision behaviour of individual economic agents using the master equation approach may show cooperative phenomena on the macro level of the economic system. A simple model of strategic investment is presented and briefly discussed.

Zusammenfassung

Die stochastische Modellierung des Entscheidungsverhaltens individueller ökonomischer Agenten mit der Mastergleichung kann zu kooperativen Phänomenen auf der Ebene des ökonomischen Systems führen. Dies wird am Beispiel eines einfachen Modells für strategische Investitionen gezeigt und kurz diskutiert.

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

  1. W. Weidlich and G. Haag. Concepts and Models of a Quantitative Sociology. Springer Berlin, Heidelberg, New York (1983).

    Book  Google Scholar 

  2. P.M. Allen. Dynamic models of evolving systems. System Dynamics Review 4(1–2), 109–130 (1988).

    Article  Google Scholar 

  3. R. Reiner. From micro behaviour to macro dynamics — the master equation approach, submitted.

    Google Scholar 

  4. M. Fischer, G. Haag, M. Sonis, and W. Weidlich. Account of different views in dynamic choice processes. Proceedings of the Symposium of the IGU Working Group on Mathematical Models. (1988).

    Google Scholar 

  5. G. Haag, W. Weidlich, and G.O. Mensch. The Schumpeter clock. In D. Batten, J. Casti, and B. Johansson, editors, Economic Evolution and Structural Adjustment, Lecture Notes in Economics and Mathematical Systems 293. pages 187–226 Springer Berlin, Heidelberg, New York (1987).

    Google Scholar 

  6. David S. Scharfstein and Jeremy C. Stein. Herd behavior and investment. The American Economic Review 80(3), 465–479 (1990).

    Google Scholar 

  7. W.B. Arthur. Self-reinforcing mechanisms in economics. In K.J. Arrow P.W. Anderson and D. Pines, editors, The economy as an evolving complex system. Addison-Wesley Publishing Co. (1986).

    Google Scholar 

  8. B. Ohlen. Interregional and International Trade. Harvard University Press Cambridge (1933).

    Google Scholar 

  9. H. Haken. Advanced Synergetics. Springer Berlin, Heidelberg, New York, Tokyo (1983).

    Google Scholar 

  10. H. Haken. Synergetics — An Introduction. Springer Berlin, Heidelberg, New York (1978).

    Google Scholar 

Download references

Author information

Authors and Affiliations

  1. Stuttgart, Germany

    Rolf Reiner

Authors
  1. Rolf Reiner
    View author publications

    You can also search for this author in PubMed Google Scholar

Editor information

Editors and Affiliations

  1. Lehrstuhl für Finanzierung, Universität Mannheim, L 5, 2 (Schloß), D-6800, Mannheim, Germany

    Wolfgang Bühler

  2. Institut für Ökonometrie, Operations Research und Systemtheorie, Technische Universität Wien, Argentinierstraße 8, A-1040, Wien, Austria

    Gustav Feichtinger  & Richard F. Hartl  & 

  3. Forschungsinstitut für anwendungsorientierte Wissensverarbeitung (FAW), Helmholtzstraße 16, D-7900, Ulm, Germany

    Franz Josef Radermacher

  4. Institut für Unternehmensforschung an der Hochschule St. Gallen, Bodanstraße 6, CH-9000, St. Gallen, Switzerland

    Paul Stähly

Rights and permissions

Reprints and permissions

Copyright information

© 1992 Springer-Verlag Berlin · Heidelberg

About this paper

Cite this paper

Reiner, R. (1992). Synergetic Aspects in Economic Modelling. In: Bühler, W., Feichtinger, G., Hartl, R.F., Radermacher, F.J., Stähly, P. (eds) Papers of the 19th Annual Meeting / Vorträge der 19. Jahrestagung. Operations Research Proceedings, vol 1990. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-77254-2_30

Download citation

  • DOI: https://doi.org/10.1007/978-3-642-77254-2_30

  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-540-55081-5

  • Online ISBN: 978-3-642-77254-2

  • eBook Packages: Springer Book Archive

Publish with us

Policies and ethics

Search

Navigation