Evolutionary Foundations of Equilibria in Irrational Markets

• Κύριος συγγραφέας: Luo, Guo Ying (Συγγραφέας)
• Συγγραφή απο Οργανισμό/Αρχή: SpringerLink (Online service)
• Μορφή: Ηλεκτρονική πηγή Ηλ. βιβλίο
• Γλώσσα: English
• Έκδοση: New York, NY : Springer New York : Imprint: Springer, 2012.
• Σειρά: Studies in Economic Theory, 28
• Θέματα: Economic theory.; Macroeconomics.; Economics.; Economic Theory/Quantitative Economics/Mathematical Methods.; Macroeconomics/Monetary Economics//Financial Economics.

One of the core building blocks of traditional economic theory is the concept of equilibrium, a state of the world in which economic forces are balanced and in the absence of external influences the values of economic variables remain static.  Many traditional equilibrium models, or equilibria, are...

Πίνακας περιεχομένων:

• 1. Evolution, Irrationality and Perfectly Competitive Equilibrium
• 2. Evolution, Irrationality and Monopolistically Competitive Equilibrium
• 3. Evolution and Informationally Efficient Equilibrium in a Commodity Futures Market
• 4. Natural Selection, Random Shocks and Market Efficiency in a Futures Market
• 5. Evolution, Noise Traders and Market Efficiency in a One-Sided Auction Market
• 6. The Evolution of Money as a Medium of Exchange in a Primitive Economy
• 7. Conclusion.