9781108482608 - Rethinking Macroeconomics with Endogenous Market Structure von Mazzoli, Marco; Morini, Matteo; Terna, Pietro (5 Ergebnisse)

Hardcover. Zustand: Very Good. Immediate dispatch from Somerset. Book in excellent unread/unused condition. An unused book with publisher damaged stamp on cover page. Damage not apparent. Hardcover. English. Pub Year 2019, See images for condition. About the book >.>.> Rethinking Macroeconomics with Endogenous Market Structure presents a comprehensive examination of how company entry and exit processes influence market dynamics, challenging conventional views on economic interactions. Through an agent-based methodology, the book delivers an insightful analysis of the interactions among oligopolistic firms, asserting that these relationships are central to understanding the fluctuations and structural dynamics of capitalism. The authors emphasise the potential for economic policy to modulate these dynamics, thereby highlighting the practical implications of their findings.The book aims to advance the discourse in macroeconomics by replacing traditional mathematical equations with agent-based modelling. This innovative approach allows for a nuanced exploration of dynamic causality and the interplay among market participants, industrial structures, and strategic partners. By modelling heterogeneous agents, the authors successfully bridge the gap between event-based and mainstream economic theories, introducing a more sophisticated framework for predicting and planning in an increasingly complex economic landscape.Readers can expect a rigorous yet accessible treatment of the subject matter, enriched by contributions from leading academics in the field. Comments from experts indicate that this work not only rethinks fundamental questions in macroeconomics but also demonstrates the advantages of agent-based models over traditional equilibrium approaches. The book's exploration of both supply-side strategies of incumbent oligopolistic firms and demand-side interactions provides a fresh perspective, making it a significant contribution to the ongoing discourse in economic theory and policy-making.

Zustand: New. In.

Hardcover. Zustand: Brand New. 250 pages. 9.00x6.00x0.50 inches. In Stock.

Zustand: New. 2019. Hardcover. . . . . . Books ship from the US and Ireland.

Buch. Zustand: Neu. Druck auf Anfrage Neuware - Printed after ordering - 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.