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Macrostructures in Microeconomic Dynamics

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  • Iimura Takuya

    (Tokyo Metropolitan College)

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.

Suggested Citation

  • Iimura Takuya, 2002. "Macrostructures in Microeconomic Dynamics," Studies in Nonlinear Dynamics & Econometrics, De Gruyter, vol. 5(4), pages 1-13, January.
  • Handle: RePEc:bpj:sndecm:v:5:y:2002:i:4:n:4
    DOI: 10.2202/1558-3708.1084
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    References listed on IDEAS

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    1. Grandmont, Jean-Michel, 1992. "Transformations of the commodity space, behavioral heterogeneity, and the aggregation problem," Journal of Economic Theory, Elsevier, vol. 57(1), pages 1-35.
    2. Paul A. Samuelson, 1958. "An Exact Consumption-Loan Model of Interest with or without the Social Contrivance of Money," Journal of Political Economy, University of Chicago Press, vol. 66(6), pages 467-467.
    3. Jacques H. Drèze (ed.), 1974. "Allocation under Uncertainty: Equilibrium and Optimality," International Economic Association Series, Palgrave Macmillan, number 978-1-349-01989-2, December.
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