This file is part of IDEAS, which uses RePEc data


[ Papers | Articles | Software | Books | Chapters | Authors | Institutions | JEL Classification | NEP reports | Search | New papers by email | Author registration | Rankings | Volunteers | FAQ | Blog | Help! ]

Population Games

Author info | Abstract | Publisher info | Download info | Related research | Statistics
Author Info
Larry E. Blume

Additional information is available for the following registered author(s):

Abstract

In most economists' view, aggregate economic activity results from the interactions of many small economic agents pursuing diverse interests. To some, this statement is a normative proposition. It immediately brings to mind Adam Smith's famous metaphor of the invisible hand, an expression of the normative superiority of markets as a resource allocation device. But even among those economists who hold a more cautious view of the superiority of markets, methodological individualism, the emphasis on the primacy of individual agents, has had an enormous impact on research into aggregate economic phenomena. For instance, it has led to the wholesale scrapping of those parts of macroeconomics lacking adqeuate "microfoundations," and to the acceptance of the "new classical macroeconomics," search theories of macroeconomic activity and other micro-based models. Nowadays a model of aggregate economic activity is only acceptable if it can be derived by aggregation from acceptable models of the behavior of individual agents.

Download Info
To our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.

Publisher Info
Paper provided by Santa Fe Institute in its series Working Papers with number 96-04-022.

Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Length:
Date of creation: Apr 1996
Date of revision:
Handle: RePEc:wop:safiwp:96-04-022

Contact details of provider:
Postal: 1399 Hyde Park Road, Santa Fe, New Mexico 87501
Web page: http://www.santafe.edu/sfi/publications/working-papers.html
More information through EDIRC

For technical questions regarding this item, or to correct its listing, contact: (Thomas Krichel).

Related research
Keywords: Economic agents; markets; macroeconomics; aggregate economic activity;

Other versions of this item:

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Young H. P., 1993. "An Evolutionary Model of Bargaining," Journal of Economic Theory, Elsevier, vol. 59(1), pages 145-168, February. [Downloadable!] (restricted)
Full references

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Berninghaus, Siegfried K. & Haller, Hans & Outkin, Alexander, 2005. "Neural Networks and Contagion," Sonderforschungsbereich 504 Publications 05-35, Sonderforschungsbereich 504, Universität Mannheim & Sonderforschungsbereich 504, University of Mannheim.
  2. repec:att:wimass:19199923 is not listed on IDEAS
  3. Jean Louis Dessalles & Denis Phan, 2005. "Emergence in multi-agent systems:Cognitive hierarchy, detection, and complexity reduction," Computing in Economics and Finance 2005 257, Society for Computational Economics. [Downloadable!]
  4. Michihiro Kandori & Roberto Serrano & Oscar Volij, 2005. "Decentralized Trade, Random Utility And The Evolution Of Social Welfare," Economics Working Papers we056433, Universidad Carlos III, Departamento de Economía. [Downloadable!]
    Other versions:
  5. Durieu, Jacques & Haller, Hans & Solal, Philippe, 2005. "Interaction on Hypergraphs," Sonderforschungsbereich 504 Publications 05-34, Sonderforschungsbereich 504, Universität Mannheim & Sonderforschungsbereich 504, University of Mannheim. [Downloadable!]
  6. repec:att:wimass:192005 is not listed on IDEAS
  7. repec:att:wimass:19979r is not listed on IDEAS
  8. repec:att:wimass:1920116 is not listed on IDEAS
  9. Stephen Morris & Takashi Ui, 2003. "Generalized Potentials and Robust Sets of Equilibria," Levine's Bibliography 506439000000000325, UCLA Department of Economics. [Downloadable!]
    Other versions:
  10. Steven N. Durlauf, 1996. "Statistical Mechanics Approaches to Socioeconomic Behavior," NBER Technical Working Papers 0203, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  11. Arrow, Kenneth J, 1998. "What Has Economics to Say about Racial Discrimination?," Journal of Economic Perspectives, American Economic Association, vol. 12(2), pages 91-100, Spring. [Downloadable!] (restricted)
  12. Dave Colander, 2008. "Complexity, Pedagogy and the Economics of Muddling Through," Middlebury College Working Paper Series 0805, Middlebury College, Department of Economics. [Downloadable!]
  13. Josef Hofbauer & William H. Sandholm, 2001. "Evolution and Learning in Games with Randomly Disturbed Payoffs," Vienna Economics Papers 0205, University of Vienna, Department of Economics. [Downloadable!]
  14. Jacques Durieu & Hans Haller & Philippe Solal, 2004. "Nonspecific Networking," Game Theory and Information 0403005, EconWPA. [Downloadable!]
  15. repec:att:wimass:192015 is not listed on IDEAS
  16. smorris & Takashi Ui, 2004. "Generalized Potentials and Robust Sets of Equilibria," Econometric Society 2004 North American Winter Meetings 45, Econometric Society. [Downloadable!]
  17. Romans Pancs & Nicolaas J. Vriend, . "Schelling's Spatial Proximity Model of Segregation Revisited," Modeling, Computing, and Mastering Complexity 2003 15, Society for Computational Economics. [Downloadable!]
    Other versions:
  18. repec:att:wimass:1920320 is not listed on IDEAS
Statistics
Access and download statistics

Did you know? IDEAS also computes impact factors for journals and working paper series.

This page was last updated on 2009-10-24.

This information is provided to you by IDEAS at the Department of Economics, College of Liberal Arts and Sciences, University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics.