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Industry dynamics: Foundations for models with an infinite number of firms

✍ Scribed by Gabriel Y. Weintraub; C. Lanier Benkard; Benjamin Van Roy

Book ID
113708304
Publisher
Elsevier Science
Year
2011
Tongue
English
Weight
266 KB
Volume
146
Category
Article
ISSN
0022-0531

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Study of an elastoplastic model with an
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We treat the dynamical behavior of the continuous elastoplastic model of Masing, consisting of an infinite number of springs and dry-friction elements. Using the theory of differential inclusions we prove existence and uniqueness result. Moreover, we prove that the continuous model is the limit of t