Modeling aggregate behavior and fluctuations in economics :
[Book]
stochastic views of interacting agents /
Masanao Aoki.
New York :
Cambridge University Press,
2002.
1 online resource (xv, 263 pages)
Includes bibliographical references (pages 245-252) and indexes.
Cover; Half-title; Title; Copyright; Dedication; CONTENTS; PREFACE; CHAPTER 1 Overviews; CHAPTER 2 Setting up dynamic models; CHAPTER 3 The master equation; CHAPTER 4 Introductory simple and simplified models; CHAPTER 5 Aggregate dynamics and fluctuations of simple models; CHAPTER 6 Evaluating alternatives; CHAPTER 7 Solving nonstationary master equations; CHAPTER 8 Growth and fluctuations; CHAPTER 9 A new look at the Diamond search model; CHAPTER 10 Interaction patterns and cluster size distributions; CHAPTER 11 Share market with two dominant groups of traders; Appendix; References.
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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.
Modeling aggregate behavior and fluctuations in economics.
0521781264
Business cycles-- Mathematical models.
Consumption (Economics)-- Mathematical models.
Demand (Economic theory)-- Mathematical models.
Statics and dynamics (Social sciences)-- Mathematical models.
Stochastic processes-- Mathematical models.
Supply and demand-- Mathematical models.
BUSINESS & ECONOMICS-- Economics-- Microeconomics.
Business cycles-- Mathematical models.
Business cycles.
Consumptieve vraag.
Consumption (Economics)-- Mathematical models.
Demand (Economic theory)-- Mathematical models.
Statics and dynamics (Social sciences)-- Mathematical models.