The Representative Economic Agent – An Epistemological Approach
The representative economic agent is an extensively discussed subject in the literature, in general, in the economic literature, in particular. The complexity of this subject inevitably makes it a point of intersection of several research areas - management, mathematics, computer science. The paper aims to reveal the most relevant ideas expressed, in time, by specialists who tried to capture and describe the representative agent. The theoretical approach, that we assumed, respects a temporal coordinate and allows us to finally formulate some relevant conclusions. The importance of the paper is given by the theoretical work to systematize some remarkable ideas on a subject wich is still in the spotlight - the economic representative agent.
Volume (Year): 2 (2013)
Issue (Month): (April)
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- Lengnick, Matthias, 2011.
"Agent-based macroeconomics - a baseline model,"
Economics Working Papers
2011,04, Christian-Albrechts-University of Kiel, Department of Economics.
- Lucas, Robert Jr, 1976. "Econometric policy evaluation: A critique," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 1(1), pages 19-46, January.
- Leijonhufvud, Axel, 2006. "Agent-Based Macro," Handbook of Computational Economics, in: Leigh Tesfatsion & Kenneth L. Judd (ed.), Handbook of Computational Economics, edition 1, volume 2, chapter 36, pages 1625-1637 Elsevier.
- Alan P. Kirman, 1992. "Whom or What Does the Representative Individual Represent?," Journal of Economic Perspectives, American Economic Association, vol. 6(2), pages 117-136, Spring.
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