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

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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.

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