Close Bookish App

Bookish AppRead more and better

Download
Google 4.7
★★★★★
Google reviews
Evolutionary Microeconomics
Evolutionary Microeconomics

Book Details

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.

Read more

  • Authors Jacques Lesourne, Andre Orlean, Bernard Walliser
  • ISBN13 9783642066757
  • ISBN10 3642066755
  • Pages 296
  • Published 2010
  • Fecha de publicación 12/02/2010
  • Language German, French
Read more

Reviews and ratings

Be the first to rate it!

Have you read Evolutionary Microeconomics?

Evolutionary Microeconomics

Evolutionary Microeconomics (German, French)

111,15€ 117,00€ -5%
Shipping Free
Not available
111,15€ 117,00€ -5%
Shipping Free
Not available
  • Visa
  • Mastercard
  • Klarna
  • Bizum
  • American Express
  • Paypal
  • Google Pay
  • Apple Pay
Free returns Info
Thank you for shopping at real bookstores! Thank you for shopping at real bookstores!

Exclusive promotions, discounts, and news in our newsletter

Talk to your bookseller
Do you need help finding a book?
Do you want a personal recommendation?

Whatsapp