Interaction and markets

Chapter 1 in Beyond the Representative Agent, 1999, pp 1-44 from Edward Elgar Publishing

Abstract: This challenging book extends standard economic theory to take into account the presence of heterogeneity among economic agents. It argues for an approach to economic analysis which regards the economy as an interactive system with heterogeneous agents and not simply a system which treats aggregates as some ‘representative’ individual.

Keywords: Economics and Finance (search for similar items in EconPapers)
Date: 1999
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Related works:
Working Paper: Interaction and Markets (1997)
Working Paper: Interaction and Markets (1997)
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