Matches in SemOpenAlex for { <https://semopenalex.org/work/W2801101912> ?p ?o ?g. }
- W2801101912 endingPage "642" @default.
- W2801101912 startingPage "623" @default.
- W2801101912 abstract "Economic equilibrium models have been inspired by analogies to stationary states in classical mechanics. To extend these mathematical analogies from constrained optimization to constrained dynamics, we formalize economic (constraint) forces and economic power in analogy to physical (constraint) forces and the reciprocal value of mass. Agents employ forces to change economic variables according to their desire and their power to assert their interest. These ex-ante forces are completed by constraint forces from unanticipated system constraints to yield the ex-post dynamics. The differential-algebraic equation framework seeks to overcome some restrictions inherent to the optimization approach and to provide an out-of-equilibrium foundation for general equilibrium models. We transform a static Edgeworth box exchange model into a dynamic model with procedural rationality (gradient climbing) and slow price adaptation, and discuss advantages, caveats, and possible extensions of the modeling framework." @default.
- W2801101912 created "2018-05-17" @default.
- W2801101912 creator A5022056137 @default.
- W2801101912 creator A5034363556 @default.
- W2801101912 creator A5046415635 @default.
- W2801101912 date "2019-05-20" @default.
- W2801101912 modified "2023-09-25" @default.
- W2801101912 title "From constrained optimization to constrained dynamics: extending analogies between economics and mechanics" @default.
- W2801101912 cites W106371187 @default.
- W2801101912 cites W1569607747 @default.
- W2801101912 cites W1820250266 @default.
- W2801101912 cites W1969725680 @default.
- W2801101912 cites W1979089529 @default.
- W2801101912 cites W1980748538 @default.
- W2801101912 cites W1997649873 @default.
- W2801101912 cites W2001957596 @default.
- W2801101912 cites W2011702442 @default.
- W2801101912 cites W2018579465 @default.
- W2801101912 cites W2025881442 @default.
- W2801101912 cites W2043787485 @default.
- W2801101912 cites W2048433256 @default.
- W2801101912 cites W2051233222 @default.
- W2801101912 cites W2055221778 @default.
- W2801101912 cites W2056162876 @default.
- W2801101912 cites W2059756249 @default.
- W2801101912 cites W2063101294 @default.
- W2801101912 cites W2076529348 @default.
- W2801101912 cites W2095447227 @default.
- W2801101912 cites W2101731201 @default.
- W2801101912 cites W2111494198 @default.
- W2801101912 cites W2113778306 @default.
- W2801101912 cites W2128992223 @default.
- W2801101912 cites W2129428674 @default.
- W2801101912 cites W2129860902 @default.
- W2801101912 cites W2133116692 @default.
- W2801101912 cites W2140491570 @default.
- W2801101912 cites W2148962857 @default.
- W2801101912 cites W2155085893 @default.
- W2801101912 cites W2158438518 @default.
- W2801101912 cites W2162776198 @default.
- W2801101912 cites W2163437293 @default.
- W2801101912 cites W2218170282 @default.
- W2801101912 cites W2319837793 @default.
- W2801101912 cites W2330925118 @default.
- W2801101912 cites W2467313914 @default.
- W2801101912 cites W2933040581 @default.
- W2801101912 cites W2945914100 @default.
- W2801101912 cites W3121159618 @default.
- W2801101912 cites W3125865680 @default.
- W2801101912 cites W3126000104 @default.
- W2801101912 cites W4214561881 @default.
- W2801101912 cites W4240824791 @default.
- W2801101912 cites W4243977569 @default.
- W2801101912 cites W4249151633 @default.
- W2801101912 cites W4249353255 @default.
- W2801101912 cites W4253225370 @default.
- W2801101912 doi "https://doi.org/10.1007/s11403-019-00252-7" @default.
- W2801101912 hasPublicationYear "2019" @default.
- W2801101912 type Work @default.
- W2801101912 sameAs 2801101912 @default.
- W2801101912 citedByCount "4" @default.
- W2801101912 countsByYear W28011019122020 @default.
- W2801101912 countsByYear W28011019122021 @default.
- W2801101912 countsByYear W28011019122022 @default.
- W2801101912 crossrefType "journal-article" @default.
- W2801101912 hasAuthorship W2801101912A5022056137 @default.
- W2801101912 hasAuthorship W2801101912A5034363556 @default.
- W2801101912 hasAuthorship W2801101912A5046415635 @default.
- W2801101912 hasBestOaLocation W28011019122 @default.
- W2801101912 hasConcept C126255220 @default.
- W2801101912 hasConcept C138885662 @default.
- W2801101912 hasConcept C144237770 @default.
- W2801101912 hasConcept C17744445 @default.
- W2801101912 hasConcept C199539241 @default.
- W2801101912 hasConcept C201717286 @default.
- W2801101912 hasConcept C2524010 @default.
- W2801101912 hasConcept C2776036281 @default.
- W2801101912 hasConcept C28826006 @default.
- W2801101912 hasConcept C33923547 @default.
- W2801101912 hasConcept C41008148 @default.
- W2801101912 hasConcept C41895202 @default.
- W2801101912 hasConcept C521332185 @default.
- W2801101912 hasConceptScore W2801101912C126255220 @default.
- W2801101912 hasConceptScore W2801101912C138885662 @default.
- W2801101912 hasConceptScore W2801101912C144237770 @default.
- W2801101912 hasConceptScore W2801101912C17744445 @default.
- W2801101912 hasConceptScore W2801101912C199539241 @default.
- W2801101912 hasConceptScore W2801101912C201717286 @default.
- W2801101912 hasConceptScore W2801101912C2524010 @default.
- W2801101912 hasConceptScore W2801101912C2776036281 @default.
- W2801101912 hasConceptScore W2801101912C28826006 @default.
- W2801101912 hasConceptScore W2801101912C33923547 @default.
- W2801101912 hasConceptScore W2801101912C41008148 @default.
- W2801101912 hasConceptScore W2801101912C41895202 @default.
- W2801101912 hasConceptScore W2801101912C521332185 @default.
- W2801101912 hasFunder F4320321706 @default.
- W2801101912 hasIssue "3" @default.
- W2801101912 hasLocation W28011019121 @default.