Steady state properties of multi-state economic models

Tsur Yacov; Zemel Amos

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Steady state properties of multi-state economic models

机译：多州经济模型的稳态特性

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摘要

A simple method to derive optimal steady states of multi-state dynamic economic systems with minimal assumptions on the underlying processes is developed. This is accomplished by an n-dimensional function defined over the n-dimensional state space in terms of the model's primitives. The location and stability properties of optimal steady state candidates are characterized by the roots and derivatives of this function. A resource management example illustrates the simplicity and applicability of the method.

机译：开发了一种简单的方法来推导多状态动态经济系统的最优稳态，而对基本过程的假设则最少。这是通过根据模型的基元在n维状态空间上定义的n维函数来完成的。最佳稳态候选者的位置和稳定性由该函数的根和导数来表征。一个资源管理示例说明了该方法的简单性和适用性。

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《Canadian Journal of Economics》 |2017年第2期|506-521|共16页
作者
Tsur Yacov; Zemel Amos;
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Hebrew Univ Jerusalem, Dept Environm Econ & Management, Jerusalem, Israel|Hebrew Univ Jerusalem, Ctr Agr Econ Res, Jerusalem, Israel;

Ben Gurion Univ Negev, Jacob Blaustein Inst Desert Res, Dept Solar Energy & Environm Phys, Beer Sheva, Israel;

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Steady state properties of multi-state economic models

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