Journal Article10.2202/1558-3708.1084
Macrostructures in Microeconomic Dynamics
Takuya Iimura
- 01 Dec 2001
Vol. 5
TL;DR: Macrostructures in microeconomic dynamics investigate topologically semiconjugate dynamics as a macrorepresentation of microeconomic dynamics.
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Abstract: This paper investigates topologically semiconjugate dynamics as a macrorepresentation of microeconomic dynamics. The condition for its existence, its summarizing property, and its inferability property are discussed. As an example, we present a model of a temporary equilibrium price dynamic that has a topologically semiconjugate one-dimensional income dynamic, from which the nature of the original price dynamic will be inferred.
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