Arbeitspapier
Microeconomic foundations for macroeconomic structure
The models used in economic theory, though necessarily abstract, should be consistent with the nature of decision making behavior. A formal metaphor of individual behavior as a continuous flow indicates certain requirements that theories of consumer, producer, and economywide behavior should exhibit. A family of discrete time, recursive optimizing models is suggested as the appropriate building block for further developing dynamic economic theory.
- Sprache
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Englisch
- Erschienen in
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Series: Papers on Economics and Evolution ; No. 0514
- Klassifikation
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Wirtschaft
- Ereignis
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Geistige Schöpfung
- (wer)
-
Day, Richard
- Ereignis
-
Veröffentlichung
- (wer)
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Max Planck Institute of Economics
- (wo)
-
Jena
- (wann)
-
2005
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Day, Richard
- Max Planck Institute of Economics
Entstanden
- 2005