Modeling aggregate behavior and fluctuations in economics: stochastic views of interacting agents
Auteur :
Aoki, Masanao
Éditeur :
Cambridge University Press
ISBN :
9780521781268
Date de publication :
20 déc. 2001
Dimensions :
23,7 x 15,9 x 2,4 cm
Poids :
578 g
Langue :
Anglais
Pays d'origine :
Grande Bretagne
How do a large but finite number of agents interact, and, consequently, what macroeconomic statistical regularities or patterns may evolve? The book examines situations (e.g. fluctuations about equilibria, multiple equilibria and asymmetrical cycles of models) which are caused by model states stochastically moving from one basis of attraction to another.