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New Approaches to Macroeconomic Modeling - Evolutionary Stochastic Dynamics, Multiple Equilibria, and Externalities as Field Effects (Paperback, Revised) Loot Price: R1,215
Discovery Miles 12 150
New Approaches to Macroeconomic Modeling - Evolutionary Stochastic Dynamics, Multiple Equilibria, and Externalities as Field...

New Approaches to Macroeconomic Modeling - Evolutionary Stochastic Dynamics, Multiple Equilibria, and Externalities as Field Effects (Paperback, Revised)

Masanao Aoki

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Loot Price R1,215 Discovery Miles 12 150 | Repayment Terms: R114 pm x 12*

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This book contributes substantively to the current state of the art of macroeconomic modeling by providing a method for modeling large collections of heterogeneous agents subject to nonpairwise externality called field effects, i.e. feedback of aggregate effects on individual agents or agents using state-dependent strategies. Adopting a level of microeconomic description that keeps track of compositions of fractions of agents by "types" or "strategies", time evolution of the microeconomic states is described by (backward) Chapman-Kolmogorov equations.

General

Imprint: Cambridge UniversityPress
Country of origin: United Kingdom
Release date: February 1998
First published: 1996
Authors: Masanao Aoki
Dimensions: 230 x 153 x 19mm (L x W x T)
Format: Paperback - Trade
Pages: 308
Edition: Revised
ISBN-13: 978-0-521-63769-5
Categories: Books > Business & Economics > Economics > Macroeconomics > General
Books > Business & Economics > Economics > Econometrics > General
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LSN: 0-521-63769-4
Barcode: 9780521637695

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