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Material Type: | Internet resource |
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Document Type: | Book, Internet Resource |
All Authors / Contributors: |
Lawrence A Boland |
ISBN: | 9780190274337 0190274336 9780190274320 0190274328 |
OCLC Number: | 985576637 |
Description: | xvii, 264 Seiten Illustrationen 24 cm |
Contents: | ContentsPrefacePart I: The purpose and problems for equilibrium modelsChapter 1. Equilibrium models and explanationChapter 2. Equilibrium attainment vs. equilibrium necessitiesChapter 3. Does general equilibrium attainment imply universal maximization? Chapter 4. Time and knowledge matters: General equilibrium attainment. Chapter 5. Equilibrium concepts and critiques: two cultures. Part II: The limits of equilibrium modelsChapter 6. Recognizing knowledge in equilibrium models. Chapter 7. Limits of equilibrium methodology: An educational dialogue. Chapter 8. Equilibrium models vs. realistic understanding. Chapter 9. Macroeconomic equilibrium model building and the stability problem Chapter 10. Equilibrium models intended to overcome limits. Chapter 11. Equilibrium models vs. evolutionary economic models Chapter 12. Equilibrium models vs. complexity economics Part III: Avenues for overcoming the limits equilibrium models:Chapter 13. Building models of price dynamicsChapter 14. Building models of non-clearing marketsChapter 15. Building models of learning and the equilibrium processEpilogue: Prospects for changing equilibrium model building practice in economicsBibliographyNames IndexSubject Index |
Responsibility: | Lawrence A. Boland (FRSC) |
Abstract:
The concept of equilibrium is fundamental to economic theory, according to which, it exists when supply and demand are balanced. Equilibrium Models in Economics critically examines the major problematic assumptions employed to build equilibrium models. It gives particular attention to the assumptions used to characterize learning, knowledge and expectations.
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Equilibrium Models in Economics is a trenchant exploration of how the discipline has grappled with attempts to understand and explain the way information, knowledge, and the expectations of actors participating in the economy influence outcomes and behavior. It presents a realistic, workable theory of knowledge and learning, simulating how decision makers and other actors operate in fast-changing equilibrium conditions. * MathSciNet * Read more...
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