Originally published in 1985. Mathematical methods and models to facilitate the understanding of the processes of economic dynamics and prediction were refined considerably over the period before this book was written. The field had grown; and many of the techniques involved became extremely complicated. Areas of particular interest include optimal control, non-linear models, game-theoretic approaches, demand analysis and time-series forecasting. This book presents a critical appraisal of developments and identifies potentially productive new directions for research. It synthesises work from mathematics, statistics and economics and includes a thorough analysis of the relationship between system understanding and predictability.

chapter 1|12 pages


Edited ByDavid F. Batten

part I|72 pages

Stabilization And Control

chapter 2|22 pages

Feedback and Adaptive Control For Uncertain Dynamical Systems 1

Edited ByGeorge Leitmann

chapter 3|10 pages

Modelling And Optimal Control Of Random Walk Processes In Economics

Edited ByJohn M. Blatt

chapter 4|22 pages

Stabilisation and Optimal Management in the Housing Industry

ByPaul F. Lesse, Janislaw M. Skowronski

chapter 5|16 pages

Modelling The Supply-Demand Dynamics Of A Slowly Renewable Resource

Edited Bydavid F. Batten, Paul F. Lesse

part 2|32 pages

Different Games

chapter 6|8 pages

Competitive Differential Game Of Harvesting Uncertain Resources

ByJanislaw M. Skowronski

chapter 7|12 pages

Identification Of Stock And System Parameters In A Pareto Harvesting Game Of Two Players

ByGlen J. Crouch, Janislaw M. Skowronski

part III|36 pages

Dynamic Macroeconomic Models

part IV|44 pages

Time Series Analysis And Econometrics

chapter 10|8 pages

Iterative Fitting Of A Time Series Model

Edited ByBruce D. Craven

chapter 11|16 pages

The State Space Software Saras Forecasts Better Than The Boxjenkins Method

Edited ByKeshav P. Vishwakarma

chapter 12|18 pages

Electricity Demand Modelling

Edited ByA. Donnelly William