Description: Rethinking Macroeconomics with Endogenous Market StructureMarco Mazzoli, Matteo Morini, Pietro Terna Cambridge University Press Hardcover Unused and unread, serious issue such as a tear or bumps. Bashed cover. EAN: 9781108482608 Published: 19/12/2019 Language: English The birth and death of firms is one of the main features of the business cycle. Yet mainstream DGSE macroeconomic models mostly ignore this phenomenon, thereby excluding any potential impact of economic policy on the probability of the birth and death of firms. Those DGSE models that do allow for this phenomenon do so at the cost of drastic simplifications, which effectively rule out causal links between the strategic interaction of industrial firms and the macroeconomy. This innovative new book develops a bottom-up, agent-based framework that shows how strategic interactions at the level of oligopolistic firms, and even at the level of individuals, affect entire industrial sectors and the equilibrium of the macroeconomy. It will appeal to academic researchers and graduate students working in computational economics, agent-based modelling and econophysics, as well as mainstream economists interested in learning more about alternatives to DGSE models in macroeconomics. Introduction Part I. Theory 1. Industrial structure and the macroeconomy a few premises for a macromodel 2. Industrial structure and the macroeconomy the macroeconomic model and its algebraic framework Part II. Model 3. A computable market model the structure of the agent-based simulation 4. The results of the simulation agent-based model 5. The model facing empirical data Conclusions Appendices Appendix A. The structure of an atomistic simplified Hayekian market Appendix B. The acrostics of the simulation model and its parameters References Biographical notes. DispatchIn stock here - same-day dispatch from England. My SKU: 3287574RefundsNo-hassle refunds are always available if your book is not as expected.Terms and Conditions of SaleSorry - no collections. All sales are subject to extended Terms and Conditions of Sale as well as the Return Policy and Payment Instructions. Visit my eBay Store for details andmany more books. Template layout and design, "JNC Academic Books", "needbooks", Copyright © JNC INC. Designated trademarks, layouts and brands are the property of their respective owners. All Rights Reserved.
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Number of Pages: 248 Pages
Language: English
Publication Name: Rethinking Macroeconomics with Endogenous Market Structure
Publisher: Cambridge University Press
Publication Year: 2019
Subject: Economics
Item Height: 234 mm
Item Weight: 470 g
Type: Textbook
Author: Matteo Morini, Marco Mazzoli, Pietro Terna
Item Width: 157 mm
Format: Hardcover
