Rethinking macroeconomics with endogenous market structure:
The birth and death of firms is one of the main features of the business cycle. Yet mainstream DGSE macroeconomic models mostly ignore this phenomenon, thereby excluding any potential impact of economic policy on the probability of the birth and death of firms. Those DGSE models that do allow for th...
Gespeichert in:
| Hauptverfasser: | , , |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Cambridge ; New York ; Port Melbourne ; New Delhi ; Singapore
Cambridge University Press
2019
|
| Schlagworte: | |
| Online-Zugang: | BSB01 EUV01 FHN01 UBG01 Volltext |
| Zusammenfassung: | The birth and death of firms is one of the main features of the business cycle. Yet mainstream DGSE macroeconomic models mostly ignore this phenomenon, thereby excluding any potential impact of economic policy on the probability of the birth and death of firms. Those DGSE models that do allow for this phenomenon do so at the cost of drastic simplifications, which effectively rule out causal links between the strategic interaction of industrial firms and the macroeconomy. This innovative new book develops a bottom-up, agent-based framework that shows how strategic interactions at the level of oligopolistic firms, and even at the level of individuals, affect entire industrial sectors and the equilibrium of the macroeconomy. It will appeal to academic researchers and graduate students working in computational economics, agent-based modelling and econophysics, as well as mainstream economists interested in learning more about alternatives to DGSE models in macroeconomics |
| Beschreibung: | 1 Online-Ressource (xix, 230 Seiten) |
| ISBN: | 9781108697019 |
| DOI: | 10.1017/9781108697019 |
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Datensatz im Suchindex
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| author | Mazzoli, Marco 1962- Morini, Matteo 1974- Terna, Pietro 1944- |
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| id | DE-604.BV046347807 |
| illustrated | Not Illustrated |
| indexdate | 2024-07-10T08:42:20Z |
| institution | BVB |
| isbn | 9781108697019 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-031724369 |
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| physical | 1 Online-Ressource (xix, 230 Seiten) |
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| publishDate | 2019 |
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| spelling | Mazzoli, Marco 1962- Verfasser (DE-588)170917347 aut Rethinking macroeconomics with endogenous market structure Marco Mazzoli, Matteo Morini, Pietro Terna Cambridge ; New York ; Port Melbourne ; New Delhi ; Singapore Cambridge University Press 2019 1 Online-Ressource (xix, 230 Seiten) txt rdacontent c rdamedia cr rdacarrier The birth and death of firms is one of the main features of the business cycle. Yet mainstream DGSE macroeconomic models mostly ignore this phenomenon, thereby excluding any potential impact of economic policy on the probability of the birth and death of firms. Those DGSE models that do allow for this phenomenon do so at the cost of drastic simplifications, which effectively rule out causal links between the strategic interaction of industrial firms and the macroeconomy. This innovative new book develops a bottom-up, agent-based framework that shows how strategic interactions at the level of oligopolistic firms, and even at the level of individuals, affect entire industrial sectors and the equilibrium of the macroeconomy. It will appeal to academic researchers and graduate students working in computational economics, agent-based modelling and econophysics, as well as mainstream economists interested in learning more about alternatives to DGSE models in macroeconomics Macroeconomics / Mathematical models Equilibrium (Economics) Allgemeines Gleichgewichtsmodell (DE-588)4210294-7 gnd rswk-swf Makroökonomisches Modell (DE-588)4074486-3 gnd rswk-swf Marktstruktur (DE-588)4037647-3 gnd rswk-swf Makroökonomie (DE-588)4037174-8 gnd rswk-swf Gleichgewichtstheorie (DE-588)4071876-1 gnd rswk-swf Makroökonomisches Modell (DE-588)4074486-3 s Marktstruktur (DE-588)4037647-3 s Gleichgewichtstheorie (DE-588)4071876-1 s DE-604 Allgemeines Gleichgewichtsmodell (DE-588)4210294-7 s Makroökonomie (DE-588)4037174-8 s Morini, Matteo 1974- Verfasser (DE-588)1203221266 aut Terna, Pietro 1944- Verfasser (DE-588)170569349 aut Erscheint auch als Druck-Ausgabe 978-1-108-48260-8 https://doi.org/10.1017/9781108697019 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Mazzoli, Marco 1962- Morini, Matteo 1974- Terna, Pietro 1944- Rethinking macroeconomics with endogenous market structure Macroeconomics / Mathematical models Equilibrium (Economics) Allgemeines Gleichgewichtsmodell (DE-588)4210294-7 gnd Makroökonomisches Modell (DE-588)4074486-3 gnd Marktstruktur (DE-588)4037647-3 gnd Makroökonomie (DE-588)4037174-8 gnd Gleichgewichtstheorie (DE-588)4071876-1 gnd |
| subject_GND | (DE-588)4210294-7 (DE-588)4074486-3 (DE-588)4037647-3 (DE-588)4037174-8 (DE-588)4071876-1 |
| title | Rethinking macroeconomics with endogenous market structure |
| title_auth | Rethinking macroeconomics with endogenous market structure |
| title_exact_search | Rethinking macroeconomics with endogenous market structure |
| title_full | Rethinking macroeconomics with endogenous market structure Marco Mazzoli, Matteo Morini, Pietro Terna |
| title_fullStr | Rethinking macroeconomics with endogenous market structure Marco Mazzoli, Matteo Morini, Pietro Terna |
| title_full_unstemmed | Rethinking macroeconomics with endogenous market structure Marco Mazzoli, Matteo Morini, Pietro Terna |
| title_short | Rethinking macroeconomics with endogenous market structure |
| title_sort | rethinking macroeconomics with endogenous market structure |
| topic | Macroeconomics / Mathematical models Equilibrium (Economics) Allgemeines Gleichgewichtsmodell (DE-588)4210294-7 gnd Makroökonomisches Modell (DE-588)4074486-3 gnd Marktstruktur (DE-588)4037647-3 gnd Makroökonomie (DE-588)4037174-8 gnd Gleichgewichtstheorie (DE-588)4071876-1 gnd |
| topic_facet | Macroeconomics / Mathematical models Equilibrium (Economics) Allgemeines Gleichgewichtsmodell Makroökonomisches Modell Marktstruktur Makroökonomie Gleichgewichtstheorie |
| url | https://doi.org/10.1017/9781108697019 |
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