Computational Methods in Economic Dynamics (Dynamic Modeling and Econometrics in Economics and Finance, 13)

ISBN 10: 3642169422 / ISBN 13: 9783642169427

Published by Springer, 2011

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Seller Inventory # I-9783642169427

Bibliographic Details

• Title: Computational Methods in Economic Dynamics (Dynamic Modeling and Econometrics in Economics and Finance, 13)
• Publisher: Springer
• Publication Date: 2011
• Language: English
• ISBN 10: 3642169422
• ISBN 13: 9783642169427
• Binding: Hardcover
• Condition: New

About this title

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.