Modeling Aggregate Behavior and Fluctuations in Economics: Stochastic Views of Interacting Agents - Aoki, Masanao (University of California, Los Angeles) - Books - Cambridge University Press - 9780521781268 - December 20, 2001
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Modeling Aggregate Behavior and Fluctuations in Economics: Stochastic Views of Interacting Agents

Aoki, Masanao (University of California, Los Angeles)

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Modeling Aggregate Behavior and Fluctuations in Economics: Stochastic Views of Interacting Agents

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.

280 pages, black & white illustrations

Media Books     Hardcover Book   (Book with hard spine and cover)
Released December 20, 2001
ISBN13 9780521781268
Publishers Cambridge University Press
Pages 280
Dimensions 159 × 237 × 24 mm   ·   625 g
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