{"product_id":"9783540326946","title":"Economic Dynamics and Information","description":"This book analyzes the existence of equilibria in economies having a measured space of agents and a continuum of agents and commodities. Excessive homogeneity with respect to agent productivity leads to instability and non-uniqueness of a given stationary state and the indeterminacy of the corresponding stationary state equilibrium. Sufficient heterogeneity leads to global saddle-path stability, uniqueness of a given stationary state and the global uniqueness of the corresponding equilibrium.","brand":"Jaroslav Zajac","offers":[{"title":"Default Title","offer_id":47590298091838,"sku":"9783540326946","price":1554.46,"currency_code":"ZAR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4357\/7662\/products\/9783540326946.jpg?v=1707721734","url":"https:\/\/exclusivebooks.co.za\/products\/9783540326946","provider":"Exclusive Books Online","version":"1.0","type":"link"}