Modeling Aggregate Behavior and Fluctuations in Economics (English, Masanao Aoki)
by Masanao Aoki
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Book Details
Publisher
Cambridge University Press
Language
English
ISBN-13
9780521781268
ISBN-10
0521781264
Author
Masanao Aoki
About the Book
This book analyzes how a large but finite number of agents interact, and what sorts of macroeconomic statistical regularities or patterns may evolve from these interactions. By keeping the number of agents finite, the book examines situations such as fluctuations about equilibria, multiple equilibria and asymmetrical cycles of models which are caused by model states stochastically moving from one basin of attraction to another. All of these are n…
ISBN: 9780521781268
ISBN-13: 9780521781268
ISBN-10: 0521781264
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Product ID: isbn-9780521781268
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