Can I read Evolutionary microeconomics on EtoBox?

Evolutionary microeconomics by Jacques Lesourne, André Orléan, Bernard Walliser, P. Bourgine, E. Fauchart, J.-F. Laslier, L. Marengo, F. Moreau, G. Umbhauer is a nonfiction available to read on EtoBox.

What is Evolutionary microeconomics about?

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

Who reads Evolutionary microeconomics?

Author

Jacques Lesourne, André Orléan, Bernard Walliser, P. Bourgine, E. Fauchart, J.-F. Laslier, L. Marengo, F. Moreau, G. Umbhauer

Publisher

Springer Berlin ʺ Heidelberg

Published

2006

Language

EN

ISBN

9781280625671

Category

nonfiction

Subjects

Business, Economics, Psychology