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The Microeconomics of Complex Economies

Author

Listed:
  • Elsner, Wolfram

    (Institute for Institutional and Innovation Economics, University of Bremen, Germany)

  • Heinrich, Torsten

    (University of Bremen, Germany)

  • Schwardt, Henning

    (University of Bremen, Germany)

Abstract

The Microeconomics of Complex Economies uses game theory, modeling approaches, formal techniques, and computer simulations to teach useful, accessible approaches to real modern economies. It covers topics of information and innovation, including national and regional systems of innovation; clustered and networked firms; and open-source/open-innovation production and use. Its final chapter on policy perspectives and decisions confirms the value of the toolset. Written so chapters can be used independently, the book includes an introduction to computer simulation and pedagogical supplements. Its formal, accessible treatment of complexity goes beyond the scopes of neoclassical and mainstream economics. The highly interdependent economy of the 21st century demands a reconsideration of economic theories. Describes the usefulness of complex heterodox economics Emphasizes divergences and convergences with neoclassical economic theories and perspectives Fits easily into courses on intermediate microeconomics, industrial organization, and games through self-contained chapters

Suggested Citation

  • Elsner, Wolfram & Heinrich, Torsten & Schwardt, Henning, 2014. "The Microeconomics of Complex Economies," Elsevier Monographs, Elsevier, edition 1, number 9780124115859.
  • Handle: RePEc:eee:monogr:9780124115859
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    Citations

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    Cited by:

    1. Manuel Wäckerle & Bernhard Rengs & Wolfgang Radax, 2014. "An Agent-Based Model of Institutional Life-Cycles," Games, MDPI, Open Access Journal, vol. 5(3), pages 1-28, August.
    2. Claudius Gräbner & Philipp Heimberger & Jakob Kapeller & Bernhard Schütz, 2017. "Is Europe disintegrating? Macroeconomic divergence, structural polarization, trade and fragility," Economics working papers 2017-15, Department of Economics, Johannes Kepler University Linz, Austria.
    3. repec:taf:fosoec:v:47:y:2018:i:1:p:32-63 is not listed on IDEAS
    4. Almas Heshmati & Flávio Lenz-Cesar, 2015. "Policy simulation of firms’ cooperation in innovation," Research Evaluation, Oxford University Press, vol. 24(3), pages 293-311.
    5. Roos, Michael W. M., 2015. "The macroeconomics of radical uncertainty," Ruhr Economic Papers 592, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
    6. repec:taf:fosoec:v:47:y:2018:i:1:p:1-7 is not listed on IDEAS
    7. Alex Ushveridze, 2017. "Business Dynamics in KPI Space. Some thoughts on how business analytics can benefit from using principles of classical physics," Papers 1702.01742, arXiv.org.
    8. repec:taf:fosoec:v:46:y:2017:i:1:p:52-77 is not listed on IDEAS
    9. Eva Kuruczleki & Anita Pelle & Renata Laczi & Boglarka Fekete, 2016. "The Readiness of the European Union to Embrace the Fourth Industrial Revolution," Management, University of Primorska, Faculty of Management Koper, vol. 11(4), pages 327-347.
    10. Gräbner, Claudius, 2015. "Formal Approaches to Socio Economic Policy Analysis - Past and Perspectives," MPRA Paper 61348, University Library of Munich, Germany.
    11. Gräbner, Claudius, 2016. "Agent-based computational models– a formal heuristic for institutionalist pattern modelling?," Journal of Institutional Economics, Cambridge University Press, vol. 12(01), pages 241-261, March.
    12. Roos Michael W. M., 2015. "Die Komplexitätsökonomik und ihre Implikationen für die Wirtschaftspolitik," Perspektiven der Wirtschaftspolitik, De Gruyter, vol. 16(4), pages 379-392, December.
    13. repec:sgm:pzwzuw:v:15:i:65:y:2017:p:13-32 is not listed on IDEAS
    14. Claudius Graebner, 2017. "The Complexity of Economies and Pluralism in Economics," ICAE Working Papers 69, Johannes Kepler University, Institute for Comprehensive Analysis of the Economy.
    15. Gao, Lin, 2017. "Between Trust and Performance: Exploring Socio-Economic Mechanisms on Directed Weighted Regular Ring with Agent-Based Modeling," MPRA Paper 78428, University Library of Munich, Germany.
    16. Heinrich, Torsten, 2015. "Growth Cycles, Network Effects, and Intersectoral Dependence: An Agent-Based Model and Simulation Analysis," MPRA Paper 79575, University Library of Munich, Germany, revised 08 Jun 2017.
    17. Beatriz Plaza & Catalina Gálvez-Galvez & Ana González-Flores & Jokin Jaca, 2016. "Repositioning through Culture: Testing Change in Connectivity Patterns," Sustainability, MDPI, Open Access Journal, vol. 9(1), pages 1-15, December.
    18. Wolfram Elsner & Henning Schwardt, 2015. "From Emergent Cooperation to Contextual Trust, and to General Trust: Overlapping Meso-Sized Interaction Arenas and Cooperation Platforms as a Foundation of Pro-Social Behavior," Forum for Social Economics, Taylor & Francis Journals, vol. 44(1), pages 69-86, April.
    19. Mann, Stefan, 2015. "An activity choice approach towards pricing of 1:1 personal services – on the omnipresence of interpersonal utility comparisons," MPRA Paper 62516, University Library of Munich, Germany.
    20. Paolo Ramazzotti, 2016. "Themes in an institutionalist theory of economic policy," Working Papers 81-2016, Macerata University, Department of Finance and Economic Sciences, revised May 2016.
    21. Gao, Lin, 2017. "What Affects General Trust? A Perspective from Institutional Economics and Empirical Evidence from China," MPRA Paper 79948, University Library of Munich, Germany.

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