Econometrica: Oct 1950, Volume 18, Issue 4
An Electro-Analog Method for Investigating Problems in Economic Dynamics: Inventory Oscillations
N. F. Morehouse, R. H. Strotz, S. J. HorwitzThis paper discusses the possible use of the Aeracom-type analogcomputer in solving dynamic economic models. The first part presents an industry inventor model as an illustration and shows solutions that were obtained by use of the Aeracom for various parameter values. The latter part discusses the types of equations that can be handled by the Aeracom and the general applicability of the computer to economic models.
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