Titlebook: Complexity in Economics: Cutting Edge Research; Marisa Faggini,Anna Parziale Book 2014 Springer International Publishing Switzerland 2014

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Richard M. Heiberger,Burt Hollandts to interpret it as exogenous, i.e., as the result of forces that lie outside the scope of the assumed economic relations. Consequently, it becomes hard or impossible to formulate short-run forecasts on asset prices or on values of macroeconomic variables. However, many random looking economic and

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Andrew C. Harvey,Garry D. A. Phillipsormation of coalition may imply some theoretical difficulties, such as costs arising from forming a coalition or sharing information among agents. Coalition formation has the explicit purpose to represent the process of formation of coalitions of agents and hence modelling a number of relevant econo

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978-3-319-35756-0Springer International Publishing Switzerland 2014

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Chaotic Order: A Consequence of Economic Relativity,order in any sizeable economic system. The examples of economic development in China and Eurozone are discussed to demonstrate how economic relativity would affect economies in apparently very different situations. The vital and subtle role of fairness in economy is also discussed in this writing.

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