Code: 05281275

Computational Methods in Economic Dynamics

Name: Computational Methods in Economic Dynamics
Brand: Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
SKU: 05281275
Price: 109.54 EUR
Availability: InStock
Author: Herbert Dawid
ISBN: 9783642169427

by Herbert Dawid, Willi Semmler

Language: English
Binding: Hardback
Number of pages: 216
Publisher: Springer-Verlag Berlin and Heidelberg GmbH & Co. KG, 2011
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Book synopsis

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.