Pedro de Mendonça
As an undergraduate I studied Economics at the Faculty of Economics (FE), New University of Lisbon (UNL). From there I went to the Technical University of Lisbon (UTL) to engage in post graduate study at the School of Economics and Management (ISEG). There I concluded my masters thesis under the supervision of Miguel St. Aubyn at the Research Unit on Complexity and Economics (UECE), where my first steps on the issue of complexity were given.
I am concluding my thesis with Prof. Robert Mackay (Warwick Mathematics Institute) on the topics of nonlinear dynamics, bifurcations and differential games in economics. I am co-supervised by Prof. Christophe Deissenberg (GRECAM). The thesis title is "Nonlinear and Evolutionary Phenomena in Deterministic Growing Economies" and the latest versions of each of the chapters can be found below.
My research interests range a large number of subjects on economics and complexity, with a special focus on Complex Systems and Complexity Economics, Economic Growth, Nonlinear Macrodynamics, Differential Games, Optimal Control, Multi-Objective Optimization under Uncertainty (applying stochastic processes and game theory to solve co-evolutionary optimization problems with incomplete information).
Current Projects:
- Nonlinear Phenomena in a Growing Economy with Convex Adjustment Costs
Mendonça, Pedro, "Nonlinear Phenomena in a Growing Economy with Convex Adjustment Costs", February 2014
Routines and data for this paper can be found here (C routines requiring GSL to compile, Matlab, Mathematica and Eviews files).
- Optimal Beliefs and Self-Confirming Equilibrium in a Class of Differential Games with Economic Applications
Mendonça, Pedro, "Optimal Beliefs and Self-Confirming Equilibrium in a Class of Differential Games with Economic Applications", March 2013
Routines for this paper can be found here (Matlab routines)
- Subjective Beliefs and Unintended Consequences in a Class of Differential Games with Economic Applications
Mendonça, Pedro, "Subjective Beliefs and Unintended Consequences in a Class of Differential Games with Economic Applications", March 2013
Routines for this paper can be found here (Matlab routines).
Other Projects
- Birth-Death Processes with Two Dimensional Diffusion: Applications to Population and Economic Dynamics (Under Revision)
This project originates from my collaboration with Ellak Somfai on spatially extended system with applications to economics. Our goal is to develop an evolutionary model that contains the main features of population and resource dynamics, as defined by the main axioms of ecological literature (birth, death, migration with density effects), and extend it to accommodate extensions of interest to economic science, in a computationally efficient setup.
I am also currently collaborating with Willi Semmler on theoretical models of optimal growth and debt sustainability.
Complexity Science DTC Mini-Projects:
- Mendonça, Pedro, "The Macrodynamics of Growing Open Economies under Financial Convex Adjustment Costs: Critical Dynamical Thresholds and Endogenous Cycles", September 2009,
- Mendonça, Pedro, "The Macrodynamics of Growing Open Economies under Financial Convex Adjustment Costs: Critical Dynamical Thresholds and Endogenous Cycles", Second Version, 14th Annual International Conference on Macroeconomic Analysis and International Finance, University of Crete, Rethymno, Crete, 25-27 May 2010
Supervised by Paulo Santos Monteiro, Department of Economics, University of Warwick and Robert Mackay, Warwick Mathematics Institute, University of Warwick
- Mendonça, Pedro, "Self-Enforcing Climate Change Treaties: A Generalized Differential Game Approach with Applications", The First Annual UECE Lisbon Meetings on Game Theory and Applications, November 5-7, 2009
Supervised by Markus Kirkilionis, Warwick Mathematics Institute, University of Warwick and Robert Mackay, Warwick Mathematics Institute, University of Warwick
Previous Working Papers:
- Mendonça, Pedro, "Endogenous Growth in a Small Open Economy: Optimal Fiscal Policy and the Informal Sector”, Master’s Thesis, October 2007, School of Economics and Management (ISEG), Technical University of Lisbon (UTL)
- Mendonça, Pedro, "Structural Breaks, Regime Change and Asymmetric Adjustment: A Short and Long Run Global Approach to the Output/Unemployment Dynamics", November 2008, DIW Berlin, Macroeconometrics Workshop (Poster Presentation), 27 and 28 November, 2008
- Mendonça, Pedro, "Growth, Fiscal Policy and the Informal Sector in a Small Open Economy", February 2009, International Conference: The Macroeconomic and Policy Implications of Underground Economy and Tax Evasion, February 5 and 6, 2009 at Bocconi University, Milan, Italy