Iyetomi, Hiroshi; Aoyama, Hideaki; Fujiwara, Yoshi; … - In: Quantitative Finance 12 (2012) 9, pp. 1453-1466
The heterogeneity of economic agents is emphasized in a new trend in macroeconomics. Accordingly, the new emerging discipline requires one to replace the production function, one of the key ideas in conventional economics, by an alternative that can take explicit account of the distribution of...