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Front Cover -- Handbook of Computational Economics -- Copyright -- Contents -- Contributors -- Introduction to the Series -- Introduction to the Handbook of Computational Economics, Volume 4, Heterogeneous Agent Modeling -- 1 Introduction -- 2 Macroeconomics -- 3 Finance -- 4 Experiments -- 5 Networks -- 6 Other -- Acknowledgments -- References -- Part 1 Macroeconomics -- 1 Heterogeneous Expectations and Micro-Foundations in Macroeconomics -- 1 Introduction -- 2 Expectations Operators and Bounded Rationality -- 2.1 Expectations Operators -- 2.2 The Economic Environment -- 2.3 Bounded Optimality -- 2.3.1 Rational Expectations -- 2.3.2 The Shadow-Price Approach -- 2.3.3 The Shadow-Price Approach in the Linearized Model -- 2.3.4 The Euler Equation Approach in the Linearized Model -- 2.3.5 The Finite Horizon Approach in the Linearized Model -- 2.3.6 The In nite Horizon Approach in the Linearized Model -- 2.3.7 A Nod to Value Functions -- 2.3.8 A Defense of Anticipated Utility -- 2.4 Aggregating Household Decision Rules -- 3 Equilibria with Heterogeneous Expectations -- 3.1 Extrinsic Heterogeneity -- 3.2 Rationally Heterogeneous Expectations -- 3.2.1 Predictor Selection -- 3.2.2 Heterogeneous Beliefs and Economic Dynamics: Stability Reversal -- 3.3 Intrinsic Heterogeneity -- 4 Asset-Pricing Applications -- 4.1 Regime-Switching Returns -- 4.2 Bubbles with Rationally Heterogeneous Expectations -- 4.3 Restricted Perceptions and Endogenous Fluctuations -- 4.4 Related Literature -- 5 Monetary Applications -- 5.1 A Monetary Search Model with Heterogeneous Expectations -- 5.2 Heterogeneous Beliefs and Bargaining -- 5.3 Equilibrium with Heterogeneous Beliefs -- 5.4 Uncertainty and Welfare -- 5.5 Related Literature -- 6 DSGE Applications -- 6.1 Rationally Heterogeneous Expectations and Monetary Policy Rules

This book offers insight into the current developments in mathematical economics. The book is intended for a broad audience and technicalities are kept to a minimum. The issues addressed include general equilibrium, price competition, auctions, environmental policy, networks, dynamic (in)stability and bounded rationality. Moreover, the book contains a survey and appraisal of the work of Claus Weddepohl, to whom the volume is dedicated. In his academic career, Claus Weddepohl made important contributions to the development of mathematical economics. He did so in his own writings on general equilibrium theory, the theory of markets and on economic dynamics. He was also a stimulating teacher and inspired the scientific research of many of his colleagues