{"product_id":"9780792372653","title":"Advances in Computational Economics: The Search for Equilibrium and the Emergence of Endogenous Fluctuations","description":"\u003ch1\u003eAdvances in Computational Economics: The Search for Equilibrium and the Emergence of Endogenous Fluctuations\u003c\/h1\u003e \u003ch2\u003eTuinstra, Jan\u003c\/h2\u003e \u003cp\u003eA long-standing unsolved problem in economic theory is how  economic equilibria are attained. \u003cem\u003ePrice Dynamics in Equilibrium  Models: The\u003c\/em\u003e \u003cem\u003eSearch for Equilibrium and the Emergence of  Endogenous Fluctuations\u003c\/em\u003e considers a number of adjustment processes  in different economic models and investigates their dynamical  behaviour. Two important themes arising in this context are `bounded  rationality' and `nonlinear dynamics'.\u003cbr\u003e  Important sub-themes of the book are the following: how do boundedly  rational agents interact with their environment and does this  interaction in some sense lead to rational outcomes (which may or may  not correspond to equilibria)? The second sub-theme deals with the  consequences of the nonlinear dynamical nature of many adjustment  processes. The results presented in this volume indicate that  endogenous fluctuations are the rule rather than the exception in the  search for equilibrium.\u003cbr\u003e  The book uses the theory of nonlinear dynamics to analyze the dynamics  of the different economic models. Due to the complexity of most of the  models, an important role is played by computational methods. In  particular, at regular instances the models are analyzed by numerical  simulations and some computer-assisted proofs are provided. It also  covers a wide range of dynamical models from economic theory. Most of  these models merge the theory of nonlinear economic dynamics with the  theory of bounded rationality. The book is written for anyone with an  interest in economic theory in general and bounded rationality and  endogenous fluctuations in particular. It is entirely self-contained  and accessible to readers with only a limited knowledge of economic  theory.\u003c\/p\u003e \u003ch3\u003eDetails\u003c\/h3\u003e \u003cp\u003ePublished by: Springer\u003c\/p\u003e \u003cp\u003ePublication Date: 2000-11-30\u003c\/p\u003e \u003cp\u003eFormat: Hardcover\u003c\/p\u003e \u003cp\u003eISBN-13: 9780792372653\u003c\/p\u003e \u003cp\u003eDOI: 10.1007\/978-1-4615-1661-3\u003c\/p\u003e \u003cp\u003eDimensions: 235cm x155cm\u003c\/p\u003e \u003cp\u003ePages: 232\u003c\/p\u003e ","brand":"Springer US","offers":[{"title":"Default Title","offer_id":46265548963980,"sku":"9780792372653","price":98.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0710\/9545\/1788\/files\/9780792372653.jpg?v=1770783093","url":"https:\/\/lateknightbooks.com\/products\/9780792372653","provider":"Late Knight Books and Services, LLC","version":"1.0","type":"link"}