EconStor >
Max-Planck-Institut für Ökonomik, Jena >
Papers on Economics and Evolution, Max-Planck-Institut für Ökonomik >

Please use this identifier to cite or link to this item:
Title:Microeconomic foundations for macroeconomic structure PDF Logo
Authors:Day, Richard
Issue Date:2005
Series/Report no.:Papers on economics and evolution 0514
Abstract: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.
Document Type:Working Paper
Appears in Collections:Papers on Economics and Evolution, Max-Planck-Institut für Ökonomik

Files in This Item:
File Description SizeFormat
511488300.pdf253.12 kBAdobe PDF
No. of Downloads: Counter Stats
Download bibliographical data as: BibTeX
Share on:

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.