Abstract

This paper investigates topologically semiconjugate dynamics as a macrorepresentation of microeconomic dynamics. The condition for its existence, its summarizing property, and its inferability property are discussed. As an example, we present a model of a temporary equilibrium price dynamic that has a topologically semiconjugate one-dimensional income dynamic, from which the nature of the original price dynamic will be inferred.

Recommended Citation

Takuya Iimura (2002) "Macrostructures in Microeconomic Dynamics ", Studies in Nonlinear Dynamics & Econometrics: Vol. 5: No. 4, Article 4.
http://www.bepress.com/snde/vol5/iss4/art4