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Heterogeneity in economics information


In economic theory and econometrics, the term heterogeneity refers to differences across the units being studied. For example, a macroeconomic model in which consumers are assumed to differ from one another is said to have heterogeneous agents.

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Heterogeneity in economics

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In economic theory and econometrics, the term heterogeneity refers to differences across the units being studied. For example, a macroeconomic model in...

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Economics

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economics has started playing a more important role in mainstream economic theory. Also, heterogeneity among the economic agents, e.g. differences in...

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Artificial economics

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economics Heterogeneity in economics § Economic models with heterogeneous agents Izquierdo, L. R., & Izquierdo, S. S. (2015). Artificial Economics: What,...

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Computational economics

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Computational economics is an interdisciplinary research discipline that combines methods in computational science and economics to solve complex economic...

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Business simulation game

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Domenico Delli (2000). Interaction and Market Structure: Essays on Heterogeneity in Economics. Springer. p. 37. ISBN 3-540-66979-5. Hogarth, Robin M. (2001)...

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Aggregation problem

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an individual agent as described in general microeconomic theory (see Representative agent, heterogeneity in economics). The second meaning of "aggregation...

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Fish market

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market". In: Domenico Delli Gatti, Mauro Gallegati, Alan P. Kirman, Interaction and market structure: essays on heterogeneity in economics, Volume 484...

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Development economics

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Development economics is a branch of economics that deals with economic aspects of the development process in low- and middle- income countries. Its focus...

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Master of Economics

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equilibrium, and allow for heterogeneity, relaxing the idea of a representative agent. Sometimes, topics from heterodox economics are introduced. Econometrics...

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Macroeconomics

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Macroeconomics is a branch of economics that deals with the performance, structure, behavior, and decision-making of an economy as a whole. This includes...

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New Keynesian economics

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New Keynesian economics is a school of macroeconomics that strives to provide microeconomic foundations for Keynesian economics. It developed partly as...

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Outline of finance

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Representative agent Aggregation problem Heterogeneity in economics Heterogeneous agent model Agent-based model § In economics and social sciences Artificial financial...

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Dual process theory

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source of behavioral heterogeneity in economics. It is mostly assumed within economics that this heterogeneity comes from differences in taste and rationality...

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Education economics

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Education economics or the economics of education is the study of economic issues relating to education, including the demand for education, the financing...

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Financial economics

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Financial economics is the branch of economics characterized by a "concentration on monetary activities", in which "money of one type or another is likely...

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Recession

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In economics, a recession is a business cycle contraction that occurs when there is a general decline in economic activity. Recessions generally occur...

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Homoscedasticity and heteroscedasticity

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The complementary notion is called heteroscedasticity, also known as heterogeneity of variance. The spellings homoskedasticity and heteroskedasticity are...

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Competitive heterogeneity

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Competitive heterogeneity is a concept from strategic management that examines why industries do not converge on one best way of doing things. In the view...

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Economics education

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allowing for heterogeneity, thereby relaxing the idea of a representative agent. In many programs, approaches from heterodox economics are introduced...

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The Market for Lemons

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cited seminal paper in the field of economics which explores the concept of asymmetric information in markets. The paper was written in 1970 by George Akerlof...

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Replication crisis

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differences could account for very little heterogeneity . According to Stanley and colleagues, this suggested that heterogeneity could have been a genuine characteristic...

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