| Description |
1 online resource (ix, 296 pages) : illustrations |
| Contents |
Individual decision -- The elementary market -- Game situations -- Market with irreversibilities -- Mimetic interactions -- Competition between firms -- Organization of the firm -- Emergence of institutions -- State and economic system regulation |
| Summary |
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 |
| Bibliography |
Includes bibliographical references and index |
| Notes |
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL |
|
Print version record |
|
digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL |
| In |
Springer e-books |
| Subject |
Microeconomics.
|
|
Evolutionary economics.
|
|
BUSINESS & ECONOMICS -- Economics -- Microeconomics.
|
|
Evolutionary economics.
|
|
Microeconomics.
|
|
Affaires.
|
|
Science économique.
|
|
Economie de l'entreprise.
|
|
Evolutionary economics
|
|
Microeconomics
|
|
Mikroökonomie
|
|
Evolutorische Wirtschaft
|
| Form |
Electronic book
|
| Author |
Orléan, André
|
|
Walliser, Bernard
|
| ISBN |
9783540285373 |
|
3540285377 |
|
3540285369 |
|
9783540285366 |
|
1280625678 |
|
9781280625671 |
|
6610625670 |
|
9786610625673 |
|
