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Modeling Aggregate Behavior and Fluctuations in Economics

- Stochastic Views of Interacting Agents

About Modeling Aggregate Behavior and Fluctuations in Economics

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.

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  • Language:
  • English
  • ISBN:
  • 9780521781268
  • Binding:
  • Hardback
  • Pages:
  • 280
  • Published:
  • December 19, 2001
  • Dimensions:
  • 159x237x24 mm.
  • Weight:
  • 578 g.
Delivery: 2-3 weeks
Expected delivery: December 7, 2024

Description of Modeling Aggregate Behavior and Fluctuations in Economics

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.

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