New Approaches to Macroeconomic Modeling: Evolutionary Stochastic Dynamics, Multiple Equilibria, and Externalities as Field Effects

€ 43,99
Lieferbar innert 2 Wochen
Januar 2004



This book provides a method for modeling large collections of heterogeneous agents subject to non-pairwise externality called field effects.


Part I. Introduction: 1. Introduction; 2. Simple illustrative and motivating examples; 3. Empirical distributions: statistical laws in macroeconomics; Part II. Modeling Interactions: 4. Modeling interactions I: Jump Markov processes; 5. Modeling interactions II: master equations and field effects; 6. Modeling interactions III: pairwise and multiple-pair interactions; Part III. Hierarchical Dynamics and Critical phenomena: 7. Sluggish dynamics and hierarchical state spaces; 8. Self-organizing and other critical phenomena in economic models; 9. Appendices; Symbol Index; Subject Index.


"Economists are indebted to Masanao Aoki. He has done an excellent job in bringing together a large amount of important material on stochastic dynamics, showing economists how to use it, and presenting it all in a clear and readable manner. The examples which he presents are interesting but surely only scratch the surface of what these tools can do to improve the realism and depth of economic modeling, macro and micro." Ken Judd, Hoover Institution, Stanford University
EAN: 9780521637695
ISBN: 0521637694
Untertitel: 'Evolutionary Stochastic Dynami'. Revised. Sprache: Englisch.
Erscheinungsdatum: Januar 2004
Seitenanzahl: 308 Seiten
Format: kartoniert
Es gibt zu diesem Artikel noch keine Bewertungen.Kundenbewertung schreiben