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Modeling Aggregate Behavior and Fluctuations in Economics

Stochastic Views of Interacting Agents

Modeling Aggregate Behavior and Fluctuations in Economics( )
Author: Aoki, Masanao
ISBN:978-0-521-60619-6
Publication Date:Sep 2004
Publisher:Cambridge University Press
Book Format:Paperback
List Price:USD $47.99
Book Description:

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.

Book Details
Pages:280
Detailed Subjects: Business & Economics / Econometrics
Business & Economics / Economics / Theory
Mathematics / Probability & Statistics / Stochastic Processes
Physical Dimensions (W X L X H):5.928 x 8.931 x 0.585 Inches
Book Weight:0.836 Pounds



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