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

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

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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 Cambridge)
Main Author: Aoki, Masanao
Format: Electronic eBook
Language:English
Published: New York : Cambridge University Press, 2002.
Subjects:
Demand (Economic theory) > Mathematical models.
Supply and demand > Mathematical models.
Consumption (Economics) > Mathematical models.
Business cycles > Mathematical models.
Statics and dynamics (Social sciences) > Mathematical models.
Stochastic processes > Mathematical models.
Description
Summary: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.
Physical Description:1 online resource (xv, 263 pages)
Bibliography:Includes bibliographical references (pages 245-252) and indexes.
ISBN:0511018789
9780511018787
9780511510649
0511510640
9780511156656
0511156650
0511118651
9780511118654
9780511045998
0511045999
128015912X
9781280159121
DOI:10.1017/CBO9780511510649

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