Evolutionary Microeconomics (eBook)

Jacques Lesourne, André Orléan, Bernard Walliser (Autoren)

eBook Download: PDF

2006 | 2006
IX, 296 Seiten
Springer Berlin (Verlag)
978-3-540-28537-3 (ISBN)

Infos

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.

Inhalt

The authors 5
Contents 6
Introduction 9
The standard paradigm 10
Towards an evolutionary paradigm 14
Presentation of the book 15
References 17
1 Individual decision 19
1.1 Background and problems 20
1.2 Canonical principles 28
1.3 Some models 37
1.4 Theses and conjectures 45
References 47
2 The elementary market 49
2.1 Background and problems 49
2.2 Canonical principles 54
2.3 Some models 56
2.4 Theses and conjectures 70
References 71
3 Game situations 73
3.1 Background and problems 74
3.2 Canonical principles 82
3.3 Some models 93
3.4 Theses and conjectures 114
References 116
4 Market with irreversibilities 120
4.1 Background and problems 121
4.2 Canonical principles 122
4.3 Some models 123
4.4 Theses and conjectures 133
References 134
5 Mimetic interactions 135
5.1 Background and problems 135
5.2 Canonical principles 144
5.3 Some models 151
5.4 Theses and conjectures 173
References 175
6 Competition between firms 177
6.1 Background and problems 177
6.2 Canonical principles 184
6.3 Some models 186
6.4 Theses and conjectures 200
References 202
7 Organization of the firm 205
7.1 Background and problems 205
7.2 Canonical principles 207
7.3 Some models 209
7.4 Theses and conjectures 234
References 235
8 Emergence of institutions 238
8.1 Background and problems 238
8.2 Canonical principles 243
8.3 Some models 248
8.4 Theses and conjectures 257
References 258
9 State and economic system regulation 260
9.1 Background and problems 260
9.2 Canonical principles 264
9.3 Some models 266
9.4 Theses and conjectures 283
References 288
Epilogue 291

Produkt-Details

• Erscheint lt. Verlag: 1.7.2006
• Mitarbeit: Sonstige Mitarbeit: P. Bourgine, E. Fauchart, J.-F. Laslier, L. Marengo, F. Moreau, G. Umbhauer
• Zusatzinfo: IX, 296 p.
• Verlagsort: Berlin
• Sprache: englisch
• Themenwelt: Geisteswissenschaften
• Themenwelt: Sozialwissenschaften ► Politik / Verwaltung
• Themenwelt: Sozialwissenschaften ► Soziologie
• Themenwelt: Technik
• Themenwelt: Wirtschaft ► Volkswirtschaftslehre
• Schlagworte: action • Agents • Bounded Rationality • Evolution • Evolutionary Economics • Evolutionary Microeconomics • Institution • interaction • learning • Microeconomics • Passing
• ISBN-10: 3-540-28537-7 / 3540285377
• ISBN-13: 978-3-540-28537-3 / 9783540285373