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Rules for Fractional-Dynamic Generalizations: Difficulties of Constructing Fractional Dynamic Models

This article is a review of problems and difficulties arising in the construction of fractional-dynamic analogs of standard models by using fractional calculus. These fractional generalizations allow us to take into account the effects of memory and non-locality, distributed lag, and scaling. We for...

Ausführliche Beschreibung

Gespeichert in:
1. Verfasser: Vasily E. Tarasov
Format: Artigo
Sprache:Inglês
Veröffentlicht: MDPI AG 2019-06-01
Schriftenreihe:Mathematics
Schlagworte:
fractional calculus
fractional dynamics
fractional generalization
long memory
non-locality
mathematical economics
economic theory
Online-Zugang:https://www.mdpi.com/2227-7390/7/6/554
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