ENGLISH

Computational Methods in Economic Dynamics

By Herbert Dawid , Willi Semmler (auth.) , Willi Semmler (eds.)

Book information

Publisher
Springer-Verlag Berlin Heidelberg
Year
2011
ISBN
3642169422, 9783642169427
DOI
10.1007/978-3-642-16943-4
ISSN
1566-0419
Google Books ID
Ft3R7VOA3IgC
Language
english
Format
PDF
Filesize
7 MB (7065000 bytes)
Series
Dynamic Modeling and Econometrics in Economics and Finance 13
Edition
1
Pages
216\224
Orientation
yes
Scanned
no
Time added
2011-08-31 04:54:40
Economic Theory; Computer Appl. in Social and Beha

Description

This volume is centered around the issue of market design and resulting market dynamics. The economic crisis of 2007-2009 has once again highlighted the importance of a proper design of market protocols and institutional details for economic dynamics and macroeconomics. Papers in this volume capture institutional details of particular markets, behavioral details of agents' decision making as well as spillovers between markets and effects to the macroeconomy. Computational methods are used to replicate and understand market dynamics emerging from interaction of heterogeneous agents, and to develop models that have predictive power for complex market dynamics. Finally treatments of overlapping generations models and differential games with heterogeneous actors are provided.

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