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- W2051828107 abstract "This paper aims at extending a novel approach based on the port-Hamiltonian formalism and able to model macro-economic systems to include a more realistic formulation of the firm (or supplier) behaviour. The firm is a profit maximising entity, naturally described in terms of a contact structure, that interconnects the markets associated to the demand and to the input factors in order to create a profit. To determine the resulting dynamics, the paper shows how to interconnect the port-Hamiltonian systems associated to each market with contact structures, i.e. how to combine power conserving interconnecting structures, namely Dirac structures (related to the Walras's Law of macro-economic), with contact structures, usually employed to describe irreversible phenomena. Beside the specific application to macro-economy, since a contact structure can be associated to a sort of “energy-based” maximisation/minimisation problem, it is also shown how to achieve such kind of interconnection via feedback control, i.e. how to shape a power-conserving interconnection to obtain a contact structure." @default.
- W2051828107 created "2016-06-24" @default.
- W2051828107 creator A5049795832 @default.
- W2051828107 date "2014-12-01" @default.
- W2051828107 modified "2023-09-27" @default.
- W2051828107 title "Interconnection of port-hamiltonian systems via contact structures. An application to macro-economic systems" @default.
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- W2051828107 doi "https://doi.org/10.1109/cdc.2014.7040392" @default.
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