Microeconomic Foundationsfor Macroeconomic Structure

The models used in economic theory, though necessarily abstract,should be consistent with the nature of decision making behavior. Aformal metaphor of individual behavior as a continuous flow indicatescertain requirements that theories of consumer, producer, and economywidebehavior should exhibit. A family of discrete time, recursiveoptimizing models is suggested as the appropriate building block forfurther developing dynamic economic theory...

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Year of publication:	2005
Authors:	Day, Richard
Institutions:	Max-Planck-Institut für Ökonomik <Jena> / Abteilung Evolutionsökonomik
Subject:	Struktur \| Makroökonomie \| Mikroökonomie \| Microeconomic

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Extent:	28 p. application/pdf
Series:	Max-Planck-Institut für Ökonomik - Abteilung Evolutionsökonomik - Discussion Papers Discussion Paper #0514
Type of publication:	Book / Working Paper
Language:	English
Classification:	Others ; Individual Working Papers, Preprints ; No country specification
Source:	USB Cologne (business full texts)

Persistent link: https://www.econbiz.de/10005866039