Economics with Heterogeneous Interacting Agents

✍ Scribed by Alan Kirman, Jean-Benoît Zimmermann (auth.), Prof. Dr. Alan Kirman, Prof. Dr. Jean-Benoît Zimmermann (eds.)

• Publisher: Springer-Verlag Berlin Heidelberg
• Year: 2001
• Tongue: English
• Leaves: 339
• Series: Lecture Notes in Economics and Mathematical Systems 503
• Edition: 1
• Category: Library

✦ Synopsis

This book analyses situations in which individual agents, who might be different from each other, interact and produce behaviour on the aggregate level which does not correspond to that of the average actor. This leads to aggregate outcomes which would be impossible to explain in a more standard approach. Aggregation generates structure and, as a result, interaction and heterogeneity can be handled and we no longer have to rely on the over-simplified reduction of the behaviour of the economy to that of a "rational" individual.

✦ Table of Contents

Front Matter....Pages I-IX
Introduction....Pages 1-9
Front Matter....Pages 11-11
A Simple Model of Fads and Cascading Failures on Sparse Switching Networks....Pages 13-25
Self Organised Criticality in Economic and Social Networks....Pages 27-41
Social Percolators and Self Organized Criticality....Pages 43-55
Lock-out in Social Networks....Pages 57-72
Cooperation, Adaptation and the Emergence of Leadership....Pages 73-86
Front Matter....Pages 87-87
Technology Diffusion, Stability and Decay: some Results....Pages 89-107
On Dynamic Re-Specifications of Kiyotaki-Wright Model....Pages 109-120
Industrial Dynamics with Quasi-Zero Intelligence Interacting Firms....Pages 121-137
Front Matter....Pages 139-139
Stability of Pareto-Zipf Law in Non-stationary Economies....Pages 141-159
Toy Models of Markets with Heterogeneous Interacting Agents....Pages 161-182
Price Bubbles and the Long Run Profitability of a Trend Following Technical Trading Rule....Pages 183-194
Firms’ Financial Heterogeneity and Business Cycles....Pages 195-214
Front Matter....Pages 139-139
Stable Coalition Structures with Fixed Decision Scheme....Pages 217-230
Coalition Formation with Heterogeneous Agents....Pages 231-250
Location Games with Externalities....Pages 251-263
Front Matter....Pages 265-265
“Simon says...” What? Rationality of Imitation in a Simonian Perspective....Pages 267-286
Interacting Individuals and Organizations: a Case Study on Cooperations Between Firms and Research Laboratories....Pages 287-301
Organisational Innovation, Communities of Practice and Epistemic Communities: the Case of Linux....Pages 303-326
Knowledge Creation, Knowledge Diffusion and Network Structure....Pages 327-343
Back Matter....Pages 345-346

✦ Subjects

Economic Theory