Evolutionary Microeconomics

Evolutionary Microeconomics

Editorial Reviews
Book Description
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.

Evolutionary Microeconomics,Jacques Lesourne,André Orléan,Bernard Walliser,P. Bourgine,E. Fauchart,J.-F. Laslier,L. Marengo,F. Moreau,G. Umbhauer,Springer,3540285369,Business / Economics / Finance,Cognitive Psychology,Economics - Microeconomics,Life Sciences - Evolution,Science,Science/Mathematics,Sociology - General,Bounded Rationality,Business & Economics / Microeconomics,Evolution,Evolutionary Economics,Evolutionary Microeconomics,Interaction,Learning,Microeconomics

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7. From Lucy to Language : Revised, Updated, and Expanded
8. Genes and DNA : A Beginner's Guide to Genetics and Its Applications
9. Genetic Investigations for the Laboratory
10. Handbook of Methods in Aquatic Microbial Ecology

Books Review

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