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.
Jacques Lesourne & André Orléan
Evolutionary Microeconomics [PDF ebook]
Evolutionary Microeconomics [PDF ebook]
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Språk Engelska ● Formatera PDF ● Sidor 296 ● ISBN 9783540285373 ● Filstorlek 2.3 MB ● Utgivare Springer Berlin ● Stad Heidelberg ● Land DE ● Publicerad 2006 ● Nedladdningsbara 24 månader ● Valuta EUR ● ID 2161127 ● Kopieringsskydd Social DRM