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Lesourne, Jacques; Orlean, Andre; Walliser, Bernard - Evolutionary Microeconomics - 9783540285366 - V9783540285366
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Evolutionary Microeconomics

€ 120.57
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Description for Evolutionary Microeconomics Hardback. Classical microeconomics explains how a price system is able to coordinate the economic agents. But even if it can be extended to incomplete information, it remains grounded on very heroic assumptions. This work is aimed at bypassing these limitations. It explains dispersion of prices, variety of industrial structures, and financial bubbles. Num Pages: 296 pages, 12 black & white tables, biography. BIC Classification: KCC. Category: (UU) Undergraduate. Dimension: 235 x 155 x 22. Weight in Grams: 625.

Classical microeconomics is intended to explain how a price system is able to coordinate the economic agents. But even if it can be extended to incomplete information and externalities, it remains grounded on very heroic assumptions. Agents are endowed with a very strong rationality, equilibrium is stated without a concrete process to achieve it, market is the unique institution considered. Evolutionary microeconomics is aimed at bypassing these limitations by considering a dynamic approach, however not biologically oriented. Agents have local information and bounded rationality, they are involved in explicit processes of interactions through time, various institutions sustain the market or ... Read more

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Product Details

Format
Hardback
Publication date
2006
Publisher
Springer-Verlag Berlin and Heidelberg GmbH & Co. KG Germany
Number of pages
296
Condition
New
Number of Pages
296
Place of Publication
Berlin, Germany
ISBN
9783540285366
SKU
V9783540285366
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15

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