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Hardcover Interactive Macroeconomics: Stochastic Aggregate Dynamics with Heterogeneous and Interacting Agents Book

ISBN: 1107198941

ISBN13: 9781107198944

Interactive Macroeconomics: Stochastic Aggregate Dynamics with Heterogeneous and Interacting Agents

(Part of the Physics of Society: Econophysics and Sociophysics Series)

One of the major problems of macroeconomic theory is the way in which the people exchange goods in decentralized market economies. There are major disagreements among macroeconomists regarding tools to influence required outcomes. Since the mainstream efficient market theory fails to provide an internal coherent framework, there is a need for an alternative theory. The book provides an innovative approach for the analysis of agent based models, populated...

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Format: Hardcover

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