book chapter · Cambridge University Press eBooks · 1996

Modeling Interactions III: Pairwise and Multiple-Pair Interactions

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Abstract

So far, we have concentrated on modeling a large collection of microeconomic agents subject to field-effect externality. We have shown that we can specify the transition rates for microeconomic units in such a way that they satisfy the detailed balance conditions, and that we establish Gibbs distributions as equilibrium distributions for the state of finite-state Markov chains, and we have investigated the implications of multiple equilibria for the resulting macroeconomic dynamics.

Cite this paper

APA 7

Aoki, M. (1996). Modeling Interactions III: Pairwise and Multiple-Pair Interactions. Cambridge University Press eBooks, 171–183. https://doi.org/10.1017/cbo9780511664670.007

MLA 9

Aoki, Masanao. “Modeling Interactions III: Pairwise and Multiple-Pair Interactions.” Cambridge University Press eBooks, 1996, pp. 171–83, https://doi.org/10.1017/cbo9780511664670.007.

Chicago

Aoki, Masanao. 1996. “Modeling Interactions III: Pairwise and Multiple-Pair Interactions.” Cambridge University Press eBooks: 171–83. https://doi.org/10.1017/cbo9780511664670.007.

Harvard

Aoki, M. (1996) ‘Modeling Interactions III: Pairwise and Multiple-Pair Interactions’, Cambridge University Press eBooks, pp. 171–183. Available at: https://doi.org/10.1017/cbo9780511664670.007.

BibTeX

@incollection{aoki1996modeling,
  title = {{Modeling Interactions III: Pairwise and Multiple-Pair Interactions}},
  author = {Aoki, Masanao},
  booktitle = {Cambridge University Press eBooks},
  pages = {171--183},
  year = {1996},
  doi = {10.1017/cbo9780511664670.007}
}

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