Theory of adaptive adjustment

DOI10.1155/S102602260000056XMaRDI QIDQ5934136zbMATH OpenFDO

Authors Weihong Huang

Publication date 2 July 2002

Published in Discrete Dynamics in Nature and Society (Search for Journal in Brave)

Full work available at URL https://eudml.org/doc/121854

zbMATH Keywords

adaptive adjustmentstabilizationsteady state

Mathematics Subject Classification ID

Strange attractors, chaotic dynamics of systems with hyperbolic behavior (37D45) Dynamical systems in optimization and economics (37N40) Mathematical economics (91B99)

Review text

This paper is devoted to improving the power of the adaptive adjustment mechanism in stabilization. Moreover, for multiple variable processes uniformly adaptive adjustment is introduced and analyzed, by which all economic variables are adjusted with the same speed. The author shows that such adjustment succeeds in stabilizing type-I and type II steady states. The situation where economic variables are adjusted with different speed is considered as well and possible areas for further research are adressed.

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Cited in

(11)

• The study of the chaotic behavior in retailer's demand model
• Complexity uncertainty analysis of dynamic in a dual-channel energy supply chain model with heterogeneous retailers
• Complexity analysis of dual-channel game model with different managers' business objectives
• On the stability of quadratic dynamics in discrete time \(n\)-player Cournot games
• THE LONG RUN OUTCOMES AND GLOBAL DYNAMICS OF A DUOPOLY GAME WITH MISSPECIFIED DEMAND FUNCTIONS
• Cournot's oligopoly equilibrium under different expectations and differentiated production
• On chaos controlling mechanism for Ishikawa iteration and its traffic flow model in discrete dynamical systems
• Decision making in dynamic stochastic Cournot games
• Reflexive dynamics in the Cournot oligopoly under uncertainty
• Cournot games with linear regression expectations in oligopolistic markets
• On the hidden hazards of adaptive behavior

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