Cart
Free Shipping in Australia
Proud to be B-Corp

The Complex Dynamics of Economic Interaction Mauro Gallegati

The Complex Dynamics of Economic Interaction By Mauro Gallegati

The Complex Dynamics of Economic Interaction by Mauro Gallegati


$288.39
Condition - New
Only 2 left

Summary

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.

The Complex Dynamics of Economic Interaction Summary

The Complex Dynamics of Economic Interaction: Essays in Economics and Econophysics by Mauro Gallegati

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.

Table of Contents

I Economics.- A New Model of Industry Dynamics.- Monetary Policy and the Distribution of Wealth in a OLG Economy with Heterogeneous Agents, Money and Bequests.- Limit Pricing and Entry Dynamics with Heterogeneous Firms.- Viability of Innovation Processes, Emergence and Stability of Market Structures.- Firms' Bankruptcy and Turnover in a Macroeconomy.- II Econophysics: empirical analysis.- Statistical Physics and Economic Fluctuations.- Modeling the Dynamics of a Financial Index after a Crash.- Price Impact Function of a Single Transaction.- Income Distribution and Stochastic Multiplicative Process with Reset Events.- III Market Models and Stylized Facts.- Volatility Clustring in Agent Based Market Model.- A Dynamical Analysis of Speculation across two Markets.- A Simple Micro-Model of Market Dynamics.- Herd Behavior in Artificial Stock Markets.- IV Models of Bounded Rationality.- Bargaining with Posterior Opportunities: an Evolutionary Social Simulation.- Herding Behavior of Financial Analysts: A Model of Self-organized Criticality.- Give-and-Take in Minority Games.- Coordination in Self-organization in Minority Games: Experimental Evidence.- V Societies of Interacting Agents.- Coordination of D ecisions in a Spatial Model of Brownian Agents.- Coalition Formation with Boundedly Rational Agents.- On the Creation of Networks and Knowledge.- Impact of Corporate Boards Interlock on the Decision Making Dynamics.- Interaction of Heterogeneous Agents in Stochastic Socio-Economic Systems.- Coordination of Decisions in a Spatial Model of Brownian Agents.

Additional information

NLS9783540404972
9783540404972
354040497X
The Complex Dynamics of Economic Interaction: Essays in Economics and Econophysics by Mauro Gallegati
New
Paperback
Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
2003-11-26
404
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
This is a new book - be the first to read this copy. With untouched pages and a perfect binding, your brand new copy is ready to be opened for the first time

Customer Reviews - The Complex Dynamics of Economic Interaction