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Intertemporal and strategic modelling in economics [electronic resource] : dynamics and games for economic analysis / Orlando Gomes.

This textbook introduces readers to essential tools, techniques and methods for intertemporal and strategic modeling in economics. It presents a variety of analytical models covering both dynamic processes and strategic interaction. Students will learn the basic mechanisms associated with the intert...

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Bibliographic Details
Online Access: Full Text (via Springer)
Main Author: Gomes, Orlando, 1972-
Format: Electronic eBook
Language:English
Published: Cham : Springer, 2022.
Series:Lecture notes in economics and mathematical systems ; v. 693.
Subjects:
Econometric models.
Table of Contents:
  • Intro
  • Preface
  • Contents
  • 1 Dynamics: Intertemporal Decision-Making
  • 1.1 The Two-Period Budget Constraint
  • 1.2 The Intertemporal Budget Constraint
  • 1.3 The Utility Function
  • 1.4 Time Preference and Intertemporal Utility
  • 1.5 The Two-Period Utility Maximization Problem
  • 1.6 The Infinite Horizon Utility Maximization Problem
  • 1.7 Endogenous Labor Supply
  • 1.8 Finite Horizons and Life Cycle Choices
  • 1.9 Money and Prices
  • 1.10 Decreasing Impatience and Inconsistent Plans
  • 1.11 Review Questions
  • 2 Games: Strategic Decision-Making
  • 2.1 Basic Elements of a Game.
  • 2.2 Normal Form Games
  • 2.3 Dominant Strategies and Nash Equilibrium
  • 2.4 Classification of Game Solutions
  • 2.5 Examples of Normal Form Two-Player Games
  • 2.6 Games with More Than Two Strategies
  • 2.7 Mixed Strategies
  • 2.8 Games with Incomplete Information
  • 2.9 Sequential Games or Games in Extensive Form
  • 2.10 Evolutionary Games
  • 2.11 Review Questions
  • 3 Economic Growth Models
  • 3.1 The Neoclassical Production Function
  • 3.2 The Profit Maximization Problem of the Representative Firm
  • 3.3 Neoclassical Growth with Exogenous Savings (the Solow Model)
  • 3.4 Income Convergence.
  • 3.5 Additional Elements: Population Growth and Labor Productivity
  • 3.6 The Ramsey Growth Model
  • 3.7 Transitional Dynamics in the Ramsey Growth Model
  • 3.8 Growth in Discrete Time
  • 3.9 Investment with Adjustment Costs
  • 3.10 Overlapping Generations and Growth
  • 3.11 Review Questions
  • 4 More on Growth Dynamics: Endogenous Growth and Beyond
  • 4.1 Endogenous Growth with Exogenous Savings: The AK Model
  • 4.2 The AK Model with Transitional Dynamics
  • 4.3 Externalities and Endogenous Growth
  • 4.4 Human Capital and Endogenous Growth
  • 4.5 The Dynamics of the Uzawa-Lucas Model.
  • 4.6 Technical Progress and Endogenous Growth
  • 4.7 A Model of Allocation of Time
  • 4.8 Automation and the Fall of the Labor Share
  • 4.9 Heterogeneity: Ants and Grasshoppers
  • 4.10 Ants and Grasshoppers in an AK Endogenous Growth Model
  • 4.11 Review Questions
  • 5 The Search and Matching Model
  • 5.1 The Matching Function and Labor Market Tightness
  • 5.2 Unemployment Dynamics
  • 5.3 Optimal Firm's Behavior
  • 5.4 Optimal Worker's Behavior
  • 5.5 Wage Bargaining
  • 5.6 Equilibrium and Dynamics
  • 5.7 Search Intensity
  • 5.8 Endogenous Job Destruction and Endogenous Unemployment Benefit.
  • 5.9 Heterogeneity
  • 5.10 A Goods Market Search and Matching Model
  • 5.11 Review Questions
  • 6 Fiscal Policy and Government Intervention
  • 6.1 The Government Budget Constraint in Two-Periods
  • 6.2 The Government Budget Constraint in Multiple Periods
  • 6.3 Ricardian Equivalence (Two Periods)
  • 6.4 Ricardian Equivalence (Long Horizons)
  • 6.5 Tax Systems and Welfare
  • 6.6 A Two-Period Model With Multiple Taxes
  • 6.7 Social Security
  • 6.8 Social Security as Insurance
  • 6.9 Unemployment Benefit
  • 6.10 A Public Goods Game
  • 6.11 Review Questions
  • 7 New Keynesian Macro Dynamics.

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