The Microeconomics of Complex Economies

Wolfram Elsner, Torsten Heinrich and Henning Schwardt

in Elsevier Monographs from Elsevier, currently edited by Candice Janco

Abstract: The Microeconomics of Complex Economies uses game theory, modeling approaches, formal techniques, and computer simulations to teach useful, accessible approaches to real modern economies. It covers topics of information and innovation, including national and regional systems of innovation; clustered and networked firms; and open-source/open-innovation production and use. Its final chapter on policy perspectives and decisions confirms the value of the toolset. Written so chapters can be used independently, the book includes an introduction to computer simulation and pedagogical supplements. Its formal, accessible treatment of complexity goes beyond the scopes of neoclassical and mainstream economics. The highly interdependent economy of the 21st century demands a reconsideration of economic theories. Describes the usefulness of complex heterodox economics Emphasizes divergences and convergences with neoclassical economic theories and perspectives Fits easily into courses on intermediate microeconomics, industrial organization, and games through self-contained chapters

Keywords: Equilibria; Equillibrium; Microeconomics; Rationality; Satisficing; Selfishness; Approximate Equilibria; Behavioral; Behavioural; Bounded Rationality; Path Dependence (search for similar items in EconPapers)
Date: 2014 Originally published 2014-04-23.
Edition: 1
ISBN: 978-0-12-411585-9
References: Add references at CitEc
Citations: View citations in EconPapers (40)

Downloads: (external link)
http://www.sciencedirect.com/science/book/9780124115859
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:monogr:9780124115859

Access Statistics for this book

More books in Elsevier Monographs from Elsevier
Bibliographic data for series maintained by ().