Rethinking Macroeconomics with Endogenous Market Structure Book by Pietro Terna
Language: English
Published by Cambridge University Press, 2019
- Hardcover
- Used
Seller: West Cove UK, Wellington, United KingdomWest Cove UK
AbeBooks seller since December 16, 2019
Condition: Used - Very good
£ 37.09
Quantity: 1 available
Add to basketItem description from seller
Immediate dispatch from Somerset. Book in excellent unread/unused condition. An unused book with publisher damaged stamp on cover page. Damage not apparent. Hardcover. English. Pub Year 2019, See images for condition. About the book >.>.> Rethinking Macroeconomics with Endogenous Market Structure presents a comprehensive examination of how company entry and exit processes influence market dynamics, challenging conventional views on economic interactions. Through an agent-based methodology, the book delivers an insightful analysis of the interactions among oligopolistic firms, asserting that these relationships are central to understanding the fluctuations and structural dynamics of capitalism. The authors emphasise the potential for economic policy to modulate these dynamics, thereby highlighting the practical implications of their findings.The book aims to advance the discourse in macroeconomics by replacing traditional mathematical equations with agent-based modelling. This innovative approach allows for a nuanced exploration of dynamic causality and the interplay among market participants, industrial structures, and strategic partners. By modelling heterogeneous agents, the authors successfully bridge the gap between event-based and mainstream economic theories, introducing a more sophisticated framework for predicting and planning in an increasingly complex economic landscape.Readers can expect a rigorous yet accessible treatment of the subject matter, enriched by contributions from leading academics in the field. Comments from experts indicate that this work not only rethinks fundamental questions in macroeconomics but also demonstrates the advantages of agent-based models over traditional equilibrium approaches. The book's exploration of both supply-side strategies of incumbent oligopolistic firms and demand-side interactions provides a fresh perspective, making it a significant contribution to the ongoing discourse in economic theory and policy-making.…
Seller Inventory # Batch-FM734-VG-14745
- Title
- Rethinking Macroeconomics with Endogenous Market Structure Book by Pietro Terna
- Author
- Pietro Terna
- Publisher
- Cambridge University Press
- Publication year
- 2019
- Condition
- Very Good
- Binding
- Hardcover
- Language
- English
- ISBN 10
- 1108482600
- ISBN 13
- 9781108482608
- Seller catalogs
- Business and Management
"Synopsis" may belong to another edition of this title.
About the Author
Matteo Morini is currently a postdoctoral researcher at the Universität Koblenz-Landau, Germany, and holds a research scientist position at Università degli Studi di Torino, Italy; he also teaches in the Collegio Carlo Alberto postgraduate programme and sits on the board of directors (as vice-president) of the Swarm Development Group. He has co-authored and co-edited two books on complexity and agent-based modelling.
Pietro Terna is a retired professor of Università degli Studi di Torino, Italy, where he was a full Professor of Economics. His research work has been pioneering the use of Swarm to create social simulations with agent-based models. He has also prepared a new agent-based simulation tool in Python (Swarm-Like Agent Protocol in Python), SLAPP.
"About the title" may belong to another edition of this title.
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