Modeling Dynamic Economic Systems

Front Matter....Pages i-xviii
Front Matter....Pages 1-1
Modeling Dynamic Systems....Pages 3-29
Disaggregation of Stocks....Pages 30-33
Front Matter....Pages 35-35
System Boundaries in Space and Time....Pages 37-55
Scheduling Flows....Pages 56-75
Positive Feedback in the Economy....Pages 76-81
Derivatives and Lags....Pages 82-90
Front Matter....Pages 91-91
Introduction to Modeling Economic Processes....Pages 93-94
Substitution of Inputs in Production....Pages 95-101
Time Value....Pages 102-111
Opportunity Cost....Pages 112-119
The Profit-Maximizing Competitive Firm....Pages 120-126
The Profit-Maximizing Monopoly....Pages 127-140
Monopolistic Collusion....Pages 141-146
Quasi-Competitive Equilibrium....Pages 147-153
Modeling Economic Games....Pages 154-168
Front Matter....Pages 169-169
Competitive Scarcity....Pages 171-182
Competitive Scarcity with Substitution....Pages 183-193
Competitive Scarcity with Cost Dependent on Production Rate and Resource Size....Pages 194-197
Competitive Scarcity with Technical Change....Pages 198-202
Competitive Scarcity with Exploration....Pages 203-208
Front Matter....Pages 169-169
Monopoly Scarcity....Pages 209-214
Monopoly Scarcity with Variable Interest Rate....Pages 215-219
Monopoly Scarcity with Cost Dependent on Production Rate and Resource Size....Pages 220-223
Front Matter....Pages 225-225
Optimal Timber Harvest....Pages 227-232
Managing Open Access Resources....Pages 233-245
Optimal Harvest from Fisheries....Pages 246-254
Predator—Prey Models of Fisheries....Pages 255-265
Spatial Fishery Model....Pages 266-282
Front Matter....Pages 283-283
Preference Cycles and Chaos....Pages 285-291
Nonmonotonic Demand and Supply Curves....Pages 292-297
Price Expectation and Production Lags....Pages 298-303
Chaos in Macroeconomic Models....Pages 304-307
Front Matter....Pages 309-309
Building a Modeling Community....Pages 311-312
Back Matter....Pages 313-341