The Importance of Irreversibility and Learning — Familiar Examples Revisited

  • Armin Schmutzler
Part of the Lecture Notes in Economics and Mathematical Systems book series (LNE, volume 371)

Abstract

In the introduction, we formulated what we want to investigate in this book. To get an idea how to do this, we shall have a look at well-known economic examples in chapter 1. This will give us some clues as to the structure that a model should have in order to be useful for our purposes. One of the sections of this chapter deals with a well-known theoretical edifice, the second one with a real- world issue.

Keywords

Income Milling Drilling Production Line 

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Copyright information

© Springer-Verlag Berlin Heidelberg 1991

Authors and Affiliations

  • Armin Schmutzler
    • 1
  1. 1.Alfred-Weber-InstitutUniversität HeidelbergHeidelbergGermany

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