Global Analysis of Dynamic Models in Economics and Finance : Essays in Honour of Laura Gardini

The essays in this special volume survey some of the most recent advances in the global analysis of dynamic models for economics, finance and the social sciences. They deal in particular with a range of topics from mathematical methods as well as numerous applications including recent developments on asset pricing, heterogeneous beliefs, global bifurcations in complementarity games, international subsidy games and issues in economic geography. A number of stochastic dynamic models are also analysed. The book is a collection of essays in honour of the 60th birthday of Laura Gardini.​ Front Matter....Pages i-xvi Front Matter....Pages 1-1 Recent Developments in Asset Pricing with Heterogeneous Beliefs and Adaptive Behaviour of Financial Markets....Pages 3-34 Modeling House Price Dynamics with Heterogeneous Speculators....Pages 35-61 A Reconsideration of the Formal Minskyan Analysis: Microfundations, Endogenous Money and the Public Sector....Pages 63-81 Global Bifurcations in a Complementarity Game....Pages 83-102 A Little Help from My Friend: International Subsidy Games with Isoelastic Demands....Pages 103-132 Pattern Formation in Economic Geography....Pages 133-158 A Three-Region New Economic Geography Model in Discrete Time: Preliminary Results on Global Dynamics....Pages 159-184 Chaotic Dynamics in Organization Theory....Pages 185-204 One-Dimensional Discontinuous Piecewise-Linear Maps and the Dynamics of Financial Markets....Pages 205-227 Consistency of Linear Forecasts in a Nonlinear Stochastic Economy....Pages 229-287 A Homoclinic Route to Volatility: Dynamics of Asset Prices Under Autoregressive Forecasting....Pages 289-316 Front Matter....Pages 317-317 Image Entropy for Discrete Dynamical Systems....Pages 319-335 Embedding of a Dim1 Piecewise Continuous and Linear Leonov Map into a Dim2 Invertible Map....Pages 337-367 A Gallery of Bifurcation Scenarios in Piecewise Smooth 1D Maps....Pages 369-395 Periodic Orbits and Their Bifurcations in 3D Maps with a Separate Third Iterate....Pages 397-427 Complexities of Natural Selection Dynamics....Pages 429-442