Complex Dynamics in an Evolutionary General Equilibrium Model
We propose an exchange economy evolutionary model with discrete time, in which there are two utility-maximizing groups of agents which differ in the preference structure. Assuming an evolutionary mechanism based on the relative utility values realized by the two kinds of agents, we analytically and...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Hindawi Limited
2018-01-01
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| Series: | Discrete Dynamics in Nature and Society |
| Online Access: | http://dx.doi.org/10.1155/2018/8471624 |