Economic Cycles in a Behavioral Disequilibrium Perspective

Erik Mosekilde, J.D. Sterman, F. Fukang (Editor), M. Sanglier (Editor)

Research output: Chapter in Book/Report/Conference proceedingArticle in proceedingsResearch


The paper reviews the characteristic features of the main economic cycles and discusses the behavioral foundation for each mode at the microlevel. The analysis continues to illustrate some of the nonlinear dynamic phenomena that can arise through interaction between the various modes and through coupling between the different sectors of the economy. Particular emphasis is given to illustrate the existence of extended disequilibrium periods in the various markets.
Original languageEnglish
Title of host publicationLecture Notes in Economics and Mathematical Systems
Place of PublicationBerlin
Publication date1997
Publication statusPublished - 1997

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