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Economics And Finance On Time Scales, Julius Severin Heim

Doctoral Dissertations

"This thesis consists of 6 papers that investigate models in economics and finance based on so-called dynamic equations on time scales. The first paper covers multiplier-accelerator models that can be described by linear second-order dynamic equations. The possibility of taxes as well as the possibility of foreign trade is taken into consideration. The second paper discusses cobweb models, which describe cyclical supply and demand in markets, where the supply is determined before the observation of the price. Cobweb models that can be formulated with first-order linear, second-order linear, and nonlinear dynamic equations are being considered. The third and fourth papers …