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  • Book
  • © 2006

Evolutionary Microeconomics

  • A course in Microeconomics, oriented in an evolutionary view

  • Clear and concise structure, numerous applications

  • Many examples of the introduction of evolutionist ideas into formal models

  • Includes supplementary material: sn.pub/extras

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eBook USD 119.00
Price excludes VAT (USA)
  • ISBN: 978-3-540-28537-3
  • Instant PDF download
  • Readable on all devices
  • Own it forever
  • Exclusive offer for individuals only
  • Tax calculation will be finalised during checkout
Softcover Book USD 159.00
Price excludes VAT (USA)
Hardcover Book USD 159.99
Price excludes VAT (USA)

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Table of contents (10 chapters)

  1. Front Matter

    Pages I-IX
  2. La formation des grandeurs économiques:déséquilibre et instabilité

    1. Introduction

      Pages 1-9
  3. The basic concepts

    1. Front Matter

      Pages 11-11
    2. Individual decision

      Pages 13-42
    3. The elementary market

      Pages 43-66
    4. Game situations

      Pages 67-112
  4. The markets

    1. Front Matter

      Pages 113-113
    2. Mimetic interactions

      Pages 131-172
  5. The institutions

    1. Front Matter

      Pages 201-201
    2. Organization of the firm

      Pages 203-235
  6. Back Matter

    Pages 291-296

About this book

Classical microeconomics is intended to explain how a price system is able to coordinate the economic agents. But even if it can be extended to incomplete information and externalities, it remains grounded on very heroic assumptions. Agents are endowed with a very strong rationality, equilibrium is stated without a concrete process to achieve it, market is the unique institution considered. Evolutionary microeconomics is aimed at bypassing these limitations by considering a dynamic approach, however not biologically oriented. Agents have local information and bounded rationality, they are involved in explicit processes of interactions through time, various institutions sustain the market or substitute to it. It explains then some phenomena hardly explained by classical microeconomics: dispersion of prices, variety of industrial structures, financial bubbles.

Keywords

  • Action
  • Bounded Rationality
  • Evolution
  • Evolutionary Economics
  • Evolutionary Microeconomics
  • Institution
  • Interaction
  • Learning
  • Microeconomics
  • Passing
  • agents

Authors and Affiliations

  • Conservatoire National des Arts et Métiers, Paris, France

    Jacques Lesourne

  • Paris-Jourdan Sciences Economiques (PSE), Paris, France

    André Orléan

  • Ecole Nationale des Ponts et Chaussées, Paris, France

    Bernard Walliser

Bibliographic Information

Buying options

eBook USD 119.00
Price excludes VAT (USA)
  • ISBN: 978-3-540-28537-3
  • Instant PDF download
  • Readable on all devices
  • Own it forever
  • Exclusive offer for individuals only
  • Tax calculation will be finalised during checkout
Softcover Book USD 159.00
Price excludes VAT (USA)
Hardcover Book USD 159.99
Price excludes VAT (USA)