Evolutionary foundations of equilibria in irrational markets / Guo Ying Luo.

Format:

Book

Author/Creator:

Luo, Guo Ying, 1964-

Series:

Studies in economic theory ; 28.

Studies in Economic Theory, 1431-8849 ; 28

Language:

English

Subjects (All):

Equilibrium (Economics)--Mathematical models.

Equilibrium (Economics).

Economics.

Physical Description:

xi, 198 pages : illustrations (some color) ; 24 cm.

Place of Publication:

New York : Springer, [2012]

Contents:

Introduction

Evolution, irrationality, and perfectly competitive equilibrium

Evolution, irrationality, and monopolistically competitive equilibrium

Evolution and informationally efficient equilibrium in a commodity futures market

Natural selection, random shocks, and market efficiency in a futures market

Evolution, noise traders, and market efficiency in a one-sided auction market

The evolution of money as a medium of exchange in a primitive economy

Conclusions.

Notes:

Includes bibliographical references.

ISBN:

9781461407119

1461407117

OCLC:

731921761