Publication result detail

Functional Differential Equations in Economy

BOBALOVÁ, M.

Original Title

Functional Differential Equations in Economy

English Title

Functional Differential Equations in Economy

Type

Paper in proceedings (conference paper)

Original Abstract

We can encounter functional differential equations in many fields. Mathematical models which also describe ordinary everyday problems contain applications of functional differential equations. Their significance increased during the 19th century and along with it did their usage e.g. in biology, medicine, ecology, physics or economy. This paper shows important results of the usage of mathematical models from different fields, especially from economy. In microeconomics these are the models describing the price fluctuation, in macroeconomics business cycle theories and in physics the pantograph equations.

English abstract

We can encounter functional differential equations in many fields. Mathematical models which also describe ordinary everyday problems contain applications of functional differential equations. Their significance increased during the 19th century and along with it did their usage e.g. in biology, medicine, ecology, physics or economy. This paper shows important results of the usage of mathematical models from different fields, especially from economy. In microeconomics these are the models describing the price fluctuation, in macroeconomics business cycle theories and in physics the pantograph equations.

Keywords

Functional differential equation, delay, price fluctuation, business cycles, mathematical model, pantograph equations

Key words in English

Functional differential equation, delay, price fluctuation, business cycles, mathematical model, pantograph equations

Authors

BOBALOVÁ, M.

Released

13.05.2014

Publisher

IBIMA

Location

Valencia

ISBN

978-0-9860419-2-1

Book

Vision 2020: Sustainable Growth, Economic Development, and Global Competitiveness

Edition

-

Pages from

1477

Pages to

1484

Pages count

8

BibTex

@inproceedings{BUT108358,
  author="Martina {Bobalová}",
  title="Functional Differential Equations in Economy",
  booktitle="Vision 2020: Sustainable Growth, Economic Development, and Global Competitiveness",
  year="2014",
  series="-",
  number="1",
  pages="1477--1484",
  publisher="IBIMA",
  address="Valencia",
  isbn="978-0-9860419-2-1"
}