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Viability Theory in Population Economics

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  • Bonneuil Noël

    (Ined and Ehess, Paris, France)

Abstract

Set-valued analysis combined with the principles of maintenance and acquisition allow the handling of heterogeneity, uncertainty, and diversity of economic trajectories. It makes models stem from constraints, instead of having an optimum found from a guessed (and often stylized) model. A review of realistic applications at the heart of population economics shows the explanation power of viability theory, including the economic theory of the life cycle, vintage models, the demographic transition, network analysis, population and environment, the origin of preferences, endogenous growth, diffusion. The optimum principle is articulated with viability.

Suggested Citation

  • Bonneuil Noël, 2013. "Viability Theory in Population Economics," Mathematical Economics Letters, De Gruyter, vol. 1(1), pages 17-24, October.
    • Handle: RePEc:bpj:maecol:v:1:y:2013:i:1:p:17-24:n:5
    DOI: 10.1515/mel-2013-0010
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    References listed on IDEAS

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    1. Bonneuil, Noel, 1994. "Capital Accumulation, Inertia of Consumption and Norms of Reproduction," Journal of Population Economics, Springer;European Society for Population Economics, vol. 7(1), pages 49-62.
    2. Boucekkine, Raouf & Germain, Marc & Licandro, Omar & Magnus, Alphonse, 1998. "Creative Destruction, Investment Volatility, and the Average Age of Capital," Journal of Economic Growth, Springer, vol. 3(4), pages 361-384, December.
    3. Raouf Boucekkine & David Croix & Omar Licandro, 2004. "MODELLING VINTAGE STRUCTURES WITH DDEs: PRINCIPLES AND APPLICATIONS," Mathematical Population Studies, Taylor & Francis Journals, vol. 11(3-4), pages 151-179.
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