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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 18,250.00

Format: Hardback or Cased Book

ISBN-13: 9780521781268

Publisher: Cambridge University Press

Publication Date: Dec 20th, 2001

Weight: 578 grams

Dimension: 23.70 x 15.90 x 2.40 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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