Feedback models and stability analysis of three economic paradigms

Harris V. Georgiou

Papers from arXiv.org

Abstract: In this paper, simple mathematical models from Control Theory are applied to three very important economic paradigms, namely (a) minimum wages in self-regulating markets, (b) market-versus-true values and currency rates, and (c) government spending and taxation levels. Analytical solutions are provided in all three paradigms and some useful conclusions are drawn in terms of variable analysis. This short study can be used as an example of how feedback models and stability analysis can be applied as a guideline of 'proofs' in the context of economic policies.

Date: 2013-03
References: Add references at CitEc
Citations:

Downloads: (external link)
http://arxiv.org/pdf/1303.5882 Latest version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:arx:papers:1303.5882

Access Statistics for this paper

More papers in Papers from arXiv.org
Bibliographic data for series maintained by arXiv administrators ().