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Description


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 substitute to it. It explains then some phenomena hardly explained by classical microeconomics: dispersion of prices, variety of industrial structures, financial bubbles.
Written for:
Researchers and graduate students in Economics, Cognitive Science and Sociology
Keywords:

Bounded Rationality
Evolution
Evolutionary Economics
Evolutionary Microeconomics
Interaction
Learning
Microeconomics
Pages
n.c
Collection
n.c
Parution
2006
Marque
Springer-Verlag
EAN papier
3540285377
EAN PDF
3540285377
Informations sur l'ebook
Nombre pages copiables
1
Nombre pages imprimables
10
Taille du fichier
-
Ce livre est accessible aux handicaps Voir les informations sur l'accessibilité
Prix
80,44 €

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