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Complex Dynamics of Economic Interaction

Name: Complex Dynamics of Economic Interaction
Brand: Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
SKU: 01562806
Price: 97.2 EUR
Availability: InStock
Author: Mauro Gallegati
ISBN: 9783540404972

Essays in Economics and Econophysics

Mauro Gallegati

Alan P. Kirman

M. Marsili

Jezik

Angleščina

Knjiga Mehka

Koda Libristo: 01562806

Založba Springer-Verlag Berlin and Heidelberg GmbH & Co. KG, november 2003

This book deals with the economy as a complex interactive system. The emphasis is on the direct inte... Celoten opis

Koda Libristo: 01562806

236 b

97.20 €

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This book deals with the economy as a complex interactive system. The emphasis is on the direct interaction between agents rather than on the indirect and autonomous interaction through the market mechanism. Contributions from economists and physicists emphasise the consequences for aggregate behaviour of the interaction between agents with limited rationality. Models of financial markets which exhibit many of the stylised facts of empirical markets such as bubbles, herd behaviour and long memory are presented. This includes contributions on bargaining, buyer-seller relations, the evolution of economic networks and several aspects of macro-economic behaviour. This book will be of interest to all those interested in the foundations of collective social and economic behaviour and in particular, to those concerned with the dynamics of market behaviour and recent applications of physics to economics.