Modeling Dynamic Economic Systems

Front Matter....Pages i-xvii
Front Matter....Pages 1-1
Introduction....Pages 3-27
Disaggregation of Stocks....Pages 29-32
Front Matter....Pages 33-33
System Boundaries in Space and Time....Pages 35-52
Scheduling Flows....Pages 53-70
Positive Feedback in the Economy....Pages 71-76
Derivatives and Lags....Pages 77-86
Front Matter....Pages 87-87
Introduction to Modeling Economic Processes....Pages 89-90
Substitution of Inputs in Production....Pages 91-97
Time Value....Pages 99-107
Opportunity Cost....Pages 109-116
The Profit-Maximizing Competitive Firm....Pages 117-122
The Profit-Maximizing Monopoly....Pages 123-136
Monopolistic Collusion....Pages 137-142
Quasi-Competitive Equilibrium....Pages 143-147
Modeling Economic Games....Pages 149-163
Front Matter....Pages 165-165
Competitive Scarcity....Pages 167-178
Competitive Scarcity with Substitution....Pages 179-189
Competitive Scarcity with Cost Dependent on Production Rate and Resource Size....Pages 191-195
Competitive Scarcity with Technical Change....Pages 197-202
Competitive Scarcity with Exploration....Pages 203-208
Front Matter....Pages 165-165
Monopoly Scarcity....Pages 209-215
Monopoly Scarcity with Variable Interest Rate....Pages 217-222
Monopoly Scarcity with Cost Dependent on Production Rate and Resource Size....Pages 223-226
Front Matter....Pages 227-227
Optimal Timber Harvest....Pages 229-235
Managing Open Access Resources....Pages 237-248
Optimal Catch from Fisheries....Pages 249-257
Predator–Prey Models of Fisheries....Pages 259-269
Spatial Fishery Model....Pages 271-287
Front Matter....Pages 289-289
Preference Cycles and Chaos....Pages 291-297
Nonmonotonic Demand and Supply Curves....Pages 299-304
Price Expectation and Production Lags....Pages 305-310
Chaos in Macroeconomic Models....Pages 311-315
Front Matter....Pages 317-317
Building a Modeling Community....Pages 319-320
Back Matter....Pages 321-326