Modeling aggregate behavior and fluctuations in economics : stochastic views of interacting agents / Masanao Aoki.

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 stocha...

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Bibliographic Details
Online Access: Full Text (via ProQuest)
Main Author: Aoki, Masanao
Format: eBook
Language:English
Published: Cambridge, U.K. ; New York : Cambridge University Press, 2002.
Subjects:
Table of Contents:
  • Cover; Half-title; Title; Copyright; Dedication; CONTENTS; PREFACE; CHAPTER 1 Overviews; CHAPTER 2 Setting up dynamic models; CHAPTER 3 The master equation; CHAPTER 4 Introductory simple and simplified models; CHAPTER 5 Aggregate dynamics and fluctuations of simple models; CHAPTER 6 Evaluating alternatives; CHAPTER 7 Solving nonstationary master equations; CHAPTER 8 Growth and fluctuations; CHAPTER 9 A new look at the Diamond search model; CHAPTER 10 Interaction patterns and cluster size distributions; CHAPTER 11 Share market with two dominant groups of traders; Appendix; References.
  • Author IndexSubject Index.