IDEAS home Printed from https://ideas.repec.org/h/spr/sptchp/978-3-319-23353-6_12.html
   My bibliography  Save this book chapter

Difference Equations

In: Mathematics and Methodology for Economics

Author

Listed:
  • Wolfgang Eichhorn

    (Karlsruhe Institute of Technology (KIT))

  • Winfried Gleißner

    (University of Applied Sciences Landshut)

Abstract

For many problems in economics it is more adequate to give them a discrete formulation than a continuous one. This leads to difference equations instead of differential equations. Their theories are quite similar. We discuss linear difference equations of first and second order and present some models: the growth model of Harrod, settlement of bond issues, distribution of wealth, and the multi-sector multiplier model. The chapter continues with systems of linear difference equations and finishes with nonlinear difference equations, which necessarily in most cases leads to a phenomenon, which is called chaos in mathematics.

Suggested Citation

  • Wolfgang Eichhorn & Winfried Gleißner, 2016. "Difference Equations," Springer Texts in Business and Economics, in: Mathematics and Methodology for Economics, edition 1, chapter 12, pages 565-596, Springer.
    • Handle: RePEc:spr:sptchp:978-3-319-23353-6_12
    DOI: 10.1007/978-3-319-23353-6_12
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:sptchp:978-3-319-23353-6_12. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.