Further topics in von Neumann growth model
Growth, technology, and environmental change -- nonlinearity and non-constant returns.
Growth versus environment in dynamic models of capital accumulation.
Hamiltonian trajectories and saddle points in mathematical economics
Heavy viable trajectories of controlled systems
Hopf bifurcation in the IS-LM business cycle model with time delay.
International fishing as partially cooperative game.
Limit policies in N-sector dynamic growth games with externalities.
Linearized geometric dynamics of Tobin-Benhabib-Miyao economic flow.
Logistic population change and the Mankiw-Romer-Weil model.
Mathematical analysis of the optimizing acquisition and retention over time problem
While making informed decisions regarding investments in customer retention and acquisition becomes a pressing managerial issue, formal models and analysis, which may provide insight into this topic, are still scarce. In this study we examine two dynamic models for optimal acquisition and retention models of a monopoly, the total cost and the cost per customer models. These models are analytically analyzed using classical, direct, methods and asymptotic expansions (for the total cost model). In...
Mathematical analysis of the optimizing acquisition and retention over time problem
While making informed decisions regarding investments in customer retention and acquisition becomes a pressing managerial issue, formal models and analysis, which may provide insight into this topic, are still scarce. In this study we examine two dynamic models for optimal acquisition and retention models of a monopoly, the total cost and the cost per customer models. These models are analytically analyzed using classical, direct, methods and asymptotic expansions (for the total cost model). In...
Maximizing banking profit on a random time interval.
Mean stability of a stochastic difference equation
A simple personal saving model with interest rate based on random fluctuation of national growth rate is considered. We establish connections between the mean stochastic stability of our model and the deterministic stability of related partial difference equations. Then the asymptotic behavior of our stochastic model is studied. Although the model is simple, the techniques for obtaining its properties are not, and we make use of the theory of abstract Banach algebras and weighted spaces. It is hoped...
Minimizing banking risk in a Lévy process setting.
Models of inflation
Monotonicity and comparison results for nonnegative dynamic systems. Part II: Continuous-time case
This second Part II, which follows a first Part I for the discrete-time case (see [DijkSl1]), deals with monotonicity and comparison results, as generalization of the pure stochastic case, for stochastic dynamic systems with arbitrary nonnegative generators in the continuous-time case. In contrast with the discrete-time case the generalization is no longer straightforward. A discrete-time transformation will therefore be developed first. Next, results from Part I can be adopted. The conditions,...
Monotonicity and comparison results for nonnegative dynamic systems. Part I: Discrete-time case
In two subsequent parts, Part I and II, monotonicity and comparison results will be studied, as generalization of the pure stochastic case, for arbitrary dynamic systems governed by nonnegative matrices. Part I covers the discrete-time and Part II the continuous-time case. The research has initially been motivated by a reliability application contained in Part II. In the present Part I it is shown that monotonicity and comparison results, as known for Markov chains, do carry over rather smoothly...
More on nonconvexities in an optimal growth model.
Numerical exploration of Kaldorian macrodynamics: Enhanced stability and predominance of period doubling and chaos with flexible exchange rates.