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    New Approaches to Macroeconomic Modeling : Evolutionary Stochastic Dynamics, ...

    • Item No : 388355742232
    • Condition : Like New
    • Brand : No brand Info
    • Seller : greatbookprices1
    • Current Bid : US $62.15

    • * Item Description

    • New Approaches to Macroeconomic Modeling : Evolutionary Stochastic Dynamics, Multiple Equilibria, and Externalities As Field Effects, Paperback by Aoki, Masanao, ISBN 0521637694, ISBN-13 9780521637695, Like New Used, Free shipping in the US

      This book contributes substantively to the current state of the art of macroeconomic modeling by providing a method for modeling large collections of heterogeneous agents subject to nonpairwise externality called field effects, . feedback of aggregate effects on individual agents or agents using state-dependent strategies. Adopting a level of microeconomic description that keeps track of compositions of fractions of agents by "types" or "strategies", time evolution of the microeconomic states is described by (backward) Chapman-Kolmogorov equations.
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