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Item Details
| Title:
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THE COMPLEX DYNAMICS OF ECONOMIC INTERACTION
ESSAYS IN ECONOMICS AND ECONOPHYSICS |
| By: |
Mauro Gallegati (Editor), Alan P. Kirman (Editor), Matteo Marsili (Editor) |
| Format: |
Paperback |
| List price:
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£119.99 |
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We currently do not stock this item, please contact the publisher directly for
further information.
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| ISBN 10: |
354040497X |
| ISBN 13: |
9783540404972 |
| Publisher: |
SPRINGER-VERLAG BERLIN AND HEIDELBERG GMBH & CO. KG |
| Pub. date: |
26 November, 2003 |
| Edition: |
2004 ed. |
| Series: |
Lecture Notes in Economics and Mathematical Systems 531 |
| Pages: |
404 |
| Description: |
Dealing with the economy as a complex interactive system, this work emphasises on the direct interaction between agents rather than on the indirect and autonomous interaction through the market mechanism. It is of interest to all those interested in the foundations of collective social and economic behaviour, and others. |
| Synopsis: |
The economy is examined by the authors as a complex interactive system. The emphasis is on the direct interaction between agents rather than on the indirect and autonomous interaction through the market mechanism. Contributions from economists and physicists emphasise the consequences for aggregate behaviour of the interaction between agents with limited rationality. Models of financial markets which exhibit many of the stylised facts of empirical markets such as bubbles, herd behaviour and long memory are presented. This includes contributions on bargaining, buyer-seller relations, the evolution of economic networks and several aspects of macro-economic behaviour. This book will be of interest to all those interested in the foundations of collective social and economic behaviour and in particular, to those concerned with the dynamics of market behaviour and recent applications of physics to economics. |
| Illustrations: |
22 Tables, black and white; XV, 404 p. |
| Publication: |
Germany |
| Imprint: |
Springer-Verlag Berlin and Heidelberg GmbH & Co. K |
| Returns: |
Returnable |
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