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OverviewClassical 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. Full Product DetailsAuthor: Jacques Lesourne , P. Bourgine , André Orléan , E. FauchartPublisher: Springer-Verlag Berlin and Heidelberg GmbH & Co. KG Imprint: Springer-Verlag Berlin and Heidelberg GmbH & Co. K Edition: 2006 ed. Dimensions: Width: 15.50cm , Height: 2.20cm , Length: 23.50cm Weight: 0.629kg ISBN: 9783540285366ISBN 10: 3540285369 Pages: 296 Publication Date: 20 April 2006 Audience: College/higher education , Undergraduate Format: Hardback Publisher's Status: Active Availability: Out of stock  The supplier is temporarily out of stock of this item. It will be ordered for you on backorder and shipped when it becomes available. Table of ContentsLa formation des grandeurs économiques:déséquilibre et instabilité.- The basic concepts.- Individual decision.- The elementary market.- Game situations.- The markets.- Market with irreversibilities.- Mimetic interactions.- Competition between firms.- The institutions.- Organization of the firm.- Emergence of institutions.- State and economic system regulation.ReviewsAuthor InformationTab Content 6Author Website:Countries AvailableAll regions |
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