Dynamic Modeling and Econometrics in Economics and Finance

Computational Methods in Economic Dynamics

Editors: Dawid, Herbert, Semmler, Willi (Eds.)

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  • 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
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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.

Table of contents (10 chapters)

Table of contents (10 chapters)
  • Editorial: Computational Methods in Economic Dynamics

    Dawid, Herbert (et al.)

    Pages 1-2

  • Allocative Efficiency and Traders’ Protection Under Zero Intelligence Behavior

    LiCalzi, Marco (et al.)

    Pages 5-28

  • Using Software Agents to Supplement Tests Conducted by Human Subjects

    Oh, Hyungna (et al.)

    Pages 29-56

  • Diversification Effect of Heterogeneous Beliefs

    He, Xue-Zhong (et al.)

    Pages 57-75

  • Can Investors Benefit from Using Trading Rules Evolved by Genetic Programming? A Test of the Adaptive Efficiency of U.S. Stock Markets with Margin Trading Allowed

    Miles, Stan (et al.)

    Pages 77-108

Buy this book

eBook $109.00
price for USA in USD (gross)
  • ISBN 978-3-642-16943-4
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $149.99
price for USA in USD
  • ISBN 978-3-642-16942-7
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $149.99
price for USA in USD
  • ISBN 978-3-642-26752-9
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Computational Methods in Economic Dynamics
Editors
  • Herbert Dawid
  • Willi Semmler
Series Title
Dynamic Modeling and Econometrics in Economics and Finance
Series Volume
13
Copyright
2011
Publisher
Springer-Verlag Berlin Heidelberg
Copyright Holder
Springer-Verlag Berlin Heidelberg
eBook ISBN
978-3-642-16943-4
DOI
10.1007/978-3-642-16943-4
Hardcover ISBN
978-3-642-16942-7
Softcover ISBN
978-3-642-26752-9
Series ISSN
1566-0419
Edition Number
1
Number of Pages
VIII, 216
Topics