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.
Product Identifiers
Publisher
Springer-Verlag Berlin and Heidelberg Gmbh & Co. Kg
ISBN-13
9783642169427
eBay Product ID (ePID)
178389540
Product Key Features
Subject Area
Data Analysis
Author
Herbert Dawid, Willi Semmler
Publication Name
Computational Methods in Economic Dynamics
Format
Hardcover
Language
English
Subject
Economics, Computer Science, Management
Publication Year
2011
Type
Textbook
Number of Pages
216 Pages
Dimensions
Item Height
235mm
Item Width
155mm
Volume
13
Item Weight
1090g
Additional Product Features
Series Title
Dynamic Modeling and Econometrics in Economics and Finance
Editor
Willi Semmler, Herbert Dawid
Country/Region of Manufacture
Germany
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