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Published by Cambridge University Press, 2005
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Paperback. Condition: New. This Element presents the ?-generalized distribution, a statistical model tailored for the analysis of income distribution. Developed over years of collaborative, multidisciplinary research, it clarifies the statistical properties of the model, assesses its empirical validity and compares its effectiveness with other parametric models. It also presents formulas for calculating inequality indices within the ?-generalized framework, including the widely used Gini coefficient and the relatively lesser-known Zanardi index of Lorenz curve asymmetry. Through empirical illustrations, the Element criticizes the conventional application of the Gini index, pointing out its inadequacy in capturing the full spectrum of inequality characteristics. Instead, it advocates the adoption of the Zanardi index, accentuating its ability to capture the inherent heterogeneity and asymmetry in income distributions.
Language: English
Published by Cambridge University Press, 2025
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Paperback or Softback. Condition: New. Agent-Based Modelling. Book.
Language: English
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Add to basketPaperback. Condition: New. This Element works as non-technical overview of Agent-Based Modelling (ABM), a methodology which can be applied to economics, as well as fields of natural and social sciences. This Element presents the introductory notions and historical background of ABM, as well as a general overview of the tools and characteristics of this kind of models, with particular focus on more advanced topics like validation and sensitivity analysis. Agent-based simulations are an increasingly popular methodology which fits well with the purpose of studying problems of computational complexity in systems populated by heterogeneous interacting agents.
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Published by Cambridge University Press, GB, 2025
ISBN 10: 1009547739 ISBN 13: 9781009547734
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Add to basketPaperback. Condition: New. Neoclassical economics is heavily based on a formalistic method, primarily centred on mathematical deduction. Consequently, mainstream economists became overfocused on describing the states of an economy rather than understanding the processes driving these states. However, many phenomena arise from the intricate interactions among diverse elements, eluding explanation solely through micro-level rules. Such systems, characterised by emergent properties arising from interactions, are defined as complex. This Element delves into the complexity approach, portraying the economy as an evolving system undergoing structural changes over time.
Language: English
Published by Cambridge University Press, 2025
ISBN 10: 1009547739 ISBN 13: 9781009547734
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First Edition
Hardcover. Condition: As New. 1st Edition. This textbook has minor shelf wear. Pages as new with no marks, very clean.