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...
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| Main Authors: | , , |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
New York
Cambridge University Press
2019
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| Subjects: | |
| Summary: | 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 |
| Physical Description: | xix, 230 Seiten Diagramme |
| ISBN: | 9781108482608 |
Staff View
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| author | Mazzoli, Marco 1962- Morini, Matteo 1974- Terna, Pietro 1944- |
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| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
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| institution | BVB |
| isbn | 9781108482608 |
| language | English |
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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 New York Cambridge University Press 2019 xix, 230 Seiten Diagramme txt rdacontent n rdamedia nc 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) Gleichgewichtstheorie (DE-588)4071876-1 gnd rswk-swf Makroökonomie (DE-588)4037174-8 gnd rswk-swf Marktstruktur (DE-588)4037647-3 gnd rswk-swf Allgemeines Gleichgewichtsmodell (DE-588)4210294-7 gnd rswk-swf Makroökonomisches Modell (DE-588)4074486-3 gnd rswk-swf Makroökonomisches Modell (DE-588)4074486-3 s Marktstruktur (DE-588)4037647-3 s Gleichgewichtstheorie (DE-588)4071876-1 s 1\p DE-604 Allgemeines Gleichgewichtsmodell (DE-588)4210294-7 s Makroökonomie (DE-588)4037174-8 s 2\p DE-604 Morini, Matteo 1974- Verfasser (DE-588)1203221266 aut Terna, Pietro 1944- Verfasser (DE-588)170569349 aut Erscheint auch als Online-Ausgabe 978-1-108-69701-9 (DE-604)BV046347807 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk 2\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
| spellingShingle | Mazzoli, Marco 1962- Morini, Matteo 1974- Terna, Pietro 1944- Rethinking macroeconomics with endogenous market structure Macroeconomics / Mathematical models Equilibrium (Economics) Gleichgewichtstheorie (DE-588)4071876-1 gnd Makroökonomie (DE-588)4037174-8 gnd Marktstruktur (DE-588)4037647-3 gnd Allgemeines Gleichgewichtsmodell (DE-588)4210294-7 gnd Makroökonomisches Modell (DE-588)4074486-3 gnd |
| subject_GND | (DE-588)4071876-1 (DE-588)4037174-8 (DE-588)4037647-3 (DE-588)4210294-7 (DE-588)4074486-3 |
| 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) Gleichgewichtstheorie (DE-588)4071876-1 gnd Makroökonomie (DE-588)4037174-8 gnd Marktstruktur (DE-588)4037647-3 gnd Allgemeines Gleichgewichtsmodell (DE-588)4210294-7 gnd Makroökonomisches Modell (DE-588)4074486-3 gnd |
| topic_facet | Macroeconomics / Mathematical models Equilibrium (Economics) Gleichgewichtstheorie Makroökonomie Marktstruktur Allgemeines Gleichgewichtsmodell Makroökonomisches Modell |
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