Computational Methods in Economic Dynamics

Computational Methods in Economic Dynamics

by Herbert Dawid and Willi Semmler
Epub (Kobo), Epub (Adobe)
Publication Date: 23/03/2011

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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.

ISBN:
9783642169434
9783642169434
Category:
Operational research
Format:
Epub (Kobo), Epub (Adobe)
Publication Date:
23-03-2011
Language:
English
Publisher:
Springer Berlin Heidelberg

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