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Agents' heterogeneity, financial fragility, and learning

In: Beyond the Representative Agent

Author

Listed:
  • Domenico Delli Gatti
  • Mauro Gallegati
  • Antonio Palestrini

Abstract

This challenging book extends standard economic theory to take into account the presence of heterogeneity among economic agents. It argues for an approach to economic analysis which regards the economy as an interactive system with heterogeneous agents and not simply a system which treats aggregates as some ‘representative’ individual.

Suggested Citation

  • Domenico Delli Gatti & Mauro Gallegati & Antonio Palestrini, 1999. "Agents' heterogeneity, financial fragility, and learning," Chapters, in: Mauro Gallegati & Alan Kirman (ed.), Beyond the Representative Agent, chapter 12, pages 323-338, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:1375_12
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    Keywords

    Economics and Finance;

    Statistics

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