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Modeling Aggregate Behavior and Fluctuations in Economics

By: Los Angeles) Aoki Masanao (University of California (Author)

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Ksh 8,650.00

Format: Paperback or Softback

ISBN-13: 9780521606196

Publisher: Cambridge University Press

Publication Date: Sep 9th, 2004

Weight: 380 grams

Dimension: 22.90 x 15.20 x 1.50 cms

Category: Economic statistics

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How do a large but finite number of agents interact, and, consequently, what macroeconomic statistical regularities or patterns may evolve? The book examines situations (e.g. fluctuations about equilibria, multiple equilibria and asymmetrical cycles of models) which are caused by model states stochastically moving from one basis of attraction to another.

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