Computational Methods in Economic Dynamics

  • Herbert Dawid
  • Willi Semmler
Part of the Dynamic Modeling and Econometrics in Economics and Finance book series (DMEF, volume 13)

Table of contents

  1. Front Matter
    Pages I-VIII
  2. Herbert Dawid, Willi Semmler
    Pages 1-2
  3. Market Dynamics with Heterogeneous Agents

  4. Dynamic Policy Perspectives

    1. Front Matter
      Pages 133-133
    2. Sander van der Hoog, Christophe Deissenberg
      Pages 159-181
    3. Luca Marchiori, Patrice Pieretti, Benteng Zou
      Pages 183-195

About this book

Introduction

This volume is centered around the issue of market design and resulting market dynamics. The economic crisis of 2007-2009 has once again highlighted the importance of a proper design of market protocols and institutional details for economic dynamics and macroeconomics. Papers in this volume capture institutional details of particular markets, behavioral details of agents' decision making as well as spillovers between markets and effects to the macroeconomy. Computational methods are used to replicate and understand market dynamics emerging from interaction of heterogeneous agents, and to develop models that have predictive power for complex market dynamics. Finally treatments of overlapping generations models and differential games with heterogeneous actors are provided.

Keywords

Computational Economics Dynamic Games Economic Dynamics Market Design Trading Mechanisms

Editors and affiliations

  • Herbert Dawid
    • 1
  • Willi Semmler
    • 2
  1. 1.FB WirtschaftswissenschaftenUniversität BielefeldBielefeldGermany
  2. 2.Dept. EconomicsNew School for Social ResearchNew YorkUSA

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-642-16943-4
  • Copyright Information Springer-Verlag Berlin Heidelberg 2011
  • Publisher Name Springer, Berlin, Heidelberg
  • eBook Packages Business and Economics
  • Print ISBN 978-3-642-16942-7
  • Online ISBN 978-3-642-16943-4
  • Series Print ISSN 1566-0419
  • About this book