Overview

This study deals with nonlinear dynamical economics and chaotic motion where a specific approach is taken to the evolution of prices in agricultural markets. It is shown that a nonlinear pertubation of the well established Cobweb Model can yield complex dynamic phenomena. Once the linearity assumption is given up the observed price fluctuations in commodity markets might be due to the much greater variety of possible dynamic outcomes than in the classical linear models. A nonlinear time series analysis is applied to search for empirical evidence of such endogenous nonlinearities. The book describes a selection of methods such as correlation integral diagnostics, testing for nonlinear dependencies in a time series, and nearest neighbour prediction using a robust nonparametric methodology.

Full Product Details

Author:   Bärbel Finkenstädt
Publisher:   Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
Imprint:   Springer-Verlag Berlin and Heidelberg GmbH & Co. K
Volume:   426
Dimensions:   Width: 15.50cm , Height: 0.90cm , Length: 23.50cm
Weight:   0.271kg
ISBN:  

9783540593744

ISBN 10:   3540593748
Pages:   156
Publication Date:   14 July 1995
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Paperback
Publisher's Status:   Active
Availability:   Out of stock  
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