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  • Book
  • © 2011

Computational Methods in Economic Dynamics

  • Offers new approaches and results on computational methods in economics
  • Covers agent-based models, computational learning techniques and dynamic games
  • Presents applications such as the design of electricity markets, trading on financial markets, human capital, and migration
  • Includes supplementary material: sn.pub/extras

Part of the book series: Dynamic Modeling and Econometrics in Economics and Finance (DMEF, volume 13)

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Table of contents (10 chapters)

  1. Front Matter

    Pages I-VIII
  2. Editorial: Computational Methods in Economic Dynamics

    • Herbert Dawid, Willi Semmler
    Pages 1-2
  3. Market Dynamics with Heterogeneous Agents

    1. Front Matter

      Pages 3-3
    2. Allocative Efficiency and Traders’ Protection Under Zero Intelligence Behavior

      • Marco LiCalzi, Lucia Milone, Paolo Pellizzari
      Pages 5-28
    3. Diversification Effect of Heterogeneous Beliefs

      • Xue-Zhong He, Lei Shi
      Pages 57-75
    4. Bankruptcy Prediction: A Comparison of Some Statistical and Machine Learning Techniques

      • Tonatiuh Peña, Serafín Martínez, Bolanle Abudu
      Pages 109-131
  4. Dynamic Policy Perspectives

    1. Front Matter

      Pages 133-133
    2. Energy Shocks and Macroeconomic Stabilization Policies in an Agent-Based Macro Model

      • Sander van der Hoog, Christophe Deissenberg
      Pages 159-181
    3. The Impact of Migration on Origin Countries: A Numerical Analysis

      • Luca Marchiori, Patrice Pieretti, Benteng Zou
      Pages 183-195

About this book

This volume is centered around the issue of market design and resulting market dynamics. The economic crisis of 2007-2009 has once again highlighted the importance of a proper design of market protocols and institutional details for economic dynamics and macroeconomics. Papers in this volume capture institutional details of particular markets, behavioral details of agents' decision making as well as spillovers between markets and effects to the macroeconomy. Computational methods are used to replicate and understand market dynamics emerging from interaction of heterogeneous agents, and to develop models that have predictive power for complex market dynamics. Finally treatments of overlapping generations models and differential games with heterogeneous actors are provided.

Editors and Affiliations

  • FB Wirtschaftswissenschaften, Universität Bielefeld, Bielefeld, Germany

    Herbert Dawid

  • Dept. Economics, New School for Social Research, New York, USA

    Willi Semmler

Bibliographic Information

Buy it now

Buying options

eBook USD 84.99
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book USD 109.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book USD 109.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Other ways to access