Essays in Economic Dynamics

Akio Matsumoto, Chuo university Ferenc Szidarovszky, University of  Pécs Toichiro Asada, Chuo University

• Simonian Bounded Rationality and Complex Behavioral Economics.- Different Modeling Approaches for Time Lag in a Monopoly.- Learning in Monopolies with Delayed Price Information.- Hotelling Duopoly Revisited.- Dynamic Oligopoly Model with Production Adjustment and Investment Costs.- A Non-Walrasian Microeconomic Foundation of the ``Profit Principle'' of Investment.- A Stylized Model for Long-run Index Return Dynamics.- The Stability of Normal Equilibrium Point and the Existence of Limit Cycles in a Simple Keynesian Macrodynamic Model of Monetary Policy.- Pathology in the Market Economy: Self-fulfilling Process to Chronic Slump.- Delay Kaldor-Kalecki Model Revisited.- An Alternative Proof of the Theorem of Woodford on the Existence of a Sunspot Equilibrium in a Continuous-Time Model.- Two Time Lags in the Public Sector: Macroeconomic Stability and Complex Behavior.- Liquidity Shock, Animal Spirits and Bank Runs.- Note on Stabilization Policy and Dynamic Inefficiency.