Iterated Function Systems with Economic Applications
This work's purpose is to understand the dynamics of some social systems whose properties can be captured by certain iterated function systems. To achieve this intension, we start from the theory of iterated function systems, and then we study two specific economic models on random utility function and optimal stochastic growth.
References listed on IDEAS
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- Manski, Charles F., 1975. "Maximum score estimation of the stochastic utility model of choice," Journal of Econometrics, Elsevier, vol. 3(3), pages 205-228, August.
- Tapan Mitra & Luigi Montrucchio & Fabio Privileggi, 2003.
"The nature of the steady state in models of optimal growth under uncertainty,"
Society for the Advancement of Economic Theory (SAET), vol. 23(1), pages 39-71, December.
- Mitra, Tapan & Montrucchio, Luigi & Privileggi, Fabio, 2001. "The Nature of the Steady State in Models of Optimal Growth Under Uncertainty," Working Papers 01-04, Cornell University, Center for Analytic Economics.
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