Elements of Mathematics for Economics and Finance pp 261-285 | Cite as
Linear Difference Equations
Chapter
Abstract
Problems encountered so far have mostly been static in that the quantities and equations involved are for a particular period of time. For instance, the current price of a good depends on the current demand of consumers.
Keywords
General Solution Characteristic Equation Order Linear Equilibrium Price National Income
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© Springer-Verlag London Limited 2007