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Modeling Aggregate Behavior and Fluctuations in Economics (English, Masanao Aoki)-62% OFF
Business & Economics

Modeling Aggregate Behavior and Fluctuations in Economics (English, Masanao Aoki)

By Masanao AokiCambridge University Press
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Book Details

ISBN-139780521781268
ISBN-100521781264

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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

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