Control Theory And Dynamic Games In Economic Policy Analysis

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Control Theory And Dynamic Games In Economic Policy Analysis
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Author : Maria Luisa Petit
language : en
Publisher: Cambridge University Press
Release Date : 1990
Control Theory And Dynamic Games In Economic Policy Analysis written by Maria Luisa Petit and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1990 with Business & Economics categories.
This book deals with the stabilisation and control of centralised policy-making and its economic implications.
International Bibliography Of The Social Sciences
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Author : British Library of Political and Economic Science
language : en
Publisher: Psychology Press
Release Date : 1992
International Bibliography Of The Social Sciences written by British Library of Political and Economic Science and has been published by Psychology Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992 with Business & Economics categories.
The IBSS is the essential tool for librarians, university departments, research institutions and any public or private institution whose work requires access to up-to-date and comprehenisve knowledge of the social sciences.
Quantitative Economic Policy
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Author : Reinhard Neck
language : en
Publisher: Springer Science & Business Media
Release Date : 2008-03-04
Quantitative Economic Policy written by Reinhard Neck and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-03-04 with Political Science categories.
Econometric techniques and models are still being extensively used in the business of forecasting and policy advice. This book presents recent advances in the theory and applications of quantitative economic policy, with particular emphasis on fiscal and monetary policies in a European and global context. The volume honors Andrew Hughes Hallett, a pioneer and major scientist in quantitative economic policy analysis, whose contributors are among his friends and former students.
Game Practice And The Environment
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Author : Carlo Carraro
language : en
Publisher: Edward Elgar Publishing
Release Date : 2004-01-01
Game Practice And The Environment written by Carlo Carraro and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004-01-01 with Business & Economics categories.
This book summarises the latest achievements of researchers involved in the application of game theory to the analysis of environmental matters. It provides an overview of different methods and applications, and gives the reader new insights on the solutions to complex environmental problems. The authors investigate various game theoretic approaches, including cooperative and non-cooperative game theory, and analyse both dynamic and static games. They illustrate the application of these approaches to global and local environmental problems, and present novel but effective tools to support environmental policy making. In particular, they focus on three important issues; climate negotiations and policy, the sharing of environmental costs, and environmental management and pollution control.
Decision Theory And Choices A Complexity Approach
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Author : Marisa Faggini
language : en
Publisher: Springer Science & Business Media
Release Date : 2010-12-28
Decision Theory And Choices A Complexity Approach written by Marisa Faggini and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-12-28 with Mathematics categories.
In economics agents are assumed to choose on the basis of rational calculations aimed at the maximization of their pleasure or profit. Formally, agents are said to manifest transitive and consistent preferences in attempting to maximize their utility in the presence of several constraints. They operate according to the choice imperative: given a set of alternatives, choose the best. This imperative works well in a static and simplistic framework, but it may fail or vary when 'the best' is changing continuously. This approach has been questioned by a descriptive approach that springing from the complexity theory tries to give a scientific basis to the way in which individuals really choose, showing that those models of human nature is routinely falsified by experiments since people are neither selfish nor rational. Thus inductive rules of thumb are usually implemented in order to make decisions in the presence of incomplete and heterogeneous information sets.
Economic Dynamics
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Author : Giancarlo Gandolfo
language : en
Publisher: Springer Science & Business Media
Release Date : 1997
Economic Dynamics written by Giancarlo Gandolfo and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with Business & Economics categories.
Treating the mathematical methods used in the economic dynamics, this book shows how they are utilised to build and analyse dynamical models. Accordingly, the focus is on the methods, and every new mathematical technique introduced is followed by its application to select economic models. The mathematical methods coveredc range from elementary linear difference and differential equations and simultaneous systems to the qualitative analysis of non-linear dynamical systems. Stability considerations are stressed throughout, including many advanced topics. Bifurcation and chaos theory are also dealt with. The reader is guided through a step-by-step analysis of each topic, be it a mathematical method or an economic model. The Study Edition also provides the reader with solutions to the numerous exercises.
A Mathematical Treatment Of Economic Cooperation And Competition Among Nations With Nigeria Usa Uk China And The Middle East Examples
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Author : Ethelbert N. Chukwu
language : en
Publisher: Elsevier
Release Date : 2005-09-30
A Mathematical Treatment Of Economic Cooperation And Competition Among Nations With Nigeria Usa Uk China And The Middle East Examples written by Ethelbert N. Chukwu and has been published by Elsevier this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005-09-30 with Mathematics categories.
The book presents a careful mathematical study of Economic Cooperation and Competition among Nations. It appropriates the principles of Supply and Demand and of Rational Expectations to build the dynamic model of the Gross Domestic Products of two groups of nations which are linked up together. The first group consists of Nigeria, the US, the UK and China. The second group is made up of Egypt, the US, Jordan and Israel. The link connecting the four nations of each group is mirrored in the net export function which is broadened to include trade, debts and the inflow or the outflow of wealth from the competing and cooperating nations. This realistic models of the four interacting GDP's, a hereditary differential game of pursuit are validated with historical data from International Financial Statistic Year Book. The Mathematical model is then studied for controllability: from a current initial GDPs a better state can be attained using government and private strategies which are carefully identified. We use regression and differential equation methods to test whether the four countries are competing or cooperating. The consequences of competition or cooperation are explored. Cooperation can be realized and the growth of wealth assured because the system is controllable and we can increase the growth of GDP and then increase the coefficient of cooperation. The outcome may be unbounded growth of wealth for all concerned – the triumph of cooperation. With analogous simple examples the book shows that sufficiently cooperating systems grow unbounded and competing ones are either bounded at best, or become extinct in finite time. If competition is small, i.e., limited, or regulated the GDP's need not be extinct even after a long time. This results are in contrast with popular opinion which advocate competition over cooperation. The detailed policy implication of the cooperation analysis at one time or the other were advocated by Pope John Paul II, President Clinton and President Bush. The mathematical message is clear: the strategy of cooperation is the best way in an Interconnected World: Cooperation triumphs over competition. The same type of analysis allows the book to argue through modeling that prosperity, internal peace and harmony can flourish in Nigeria among the old three regions and the newer six geopolitical regions. The same is true for the four powerful states in the Middle East.Thus the author's refreshing approach is the "scientific" treatment of cooperation and competition models of the gross-domestic product of two groups of nations – Nigeria, the USA, the UK, and China, and the USA, Egypt, Jordan and Israel. Attempts are made to provide "scientific" answers to broad national policies. It allows predictions of growth to be made with some degree of accuracy for up to 4 years. MATLAB and Maple programs in accompanied CD are provided. The author's individual nations economic models are cited. The dynamics are ordinary and hereditary games of pursuit also cited from the original earlier writings of the author are models of the economic state of each nation – a vector of six things – the gross domestic product (GDP) (y), interest rate R; employment (or unemployment) (L), value of capital stock (k), prices p(t), and therefore inflation and cumulative balance of payment (E). Each economic state is isolated except the impact of export function on aggregate demand.The main difference between this earlier contributions and this book is the link and its apparent policy implications and consequences.Key features:
Constructing Scalar Valued Objective Functions
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Author : Andranik Tangian
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Constructing Scalar Valued Objective Functions written by Andranik Tangian and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.
For several decades, scholars have developed methods for solving optimization problems which emerge in economics, econometrics, operations research, and other disciplines. A considerable effort has been made to construct equations from which constraints can be derived, but surprisingly little has been done to construct the other part of optimization models: the scalar-valued objective function, the constrained maximum or minimum of which gives the optimal solution. The given volume is intended to attract attention to the problem, to present the major achievements in the field and to stimulate further research and teaching.
Improving Stability In Developing Nations Through Automation 2006
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Author : Peter Kopacek
language : en
Publisher: Elsevier
Release Date : 2007-03-29
Improving Stability In Developing Nations Through Automation 2006 written by Peter Kopacek and has been published by Elsevier this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-03-29 with Technology & Engineering categories.
Technological development has caused profound changes and social stability. Regions which have had stable populations for centuries have experienced enormous population growth leading to the emergence of sometimes unmanageable megaplex cities as well as bringing about macroscopic environmental change. The scope of this IFAC SWIIS Conference is to offer insights into mitigating unwanted side-effects of rapid development and to share methodologies for appropriate ways of managing the introduction of technologies which will alter social stability. Contributions included in Improving Stability in Developing Nations through Automation 2006 cover a very broad field of interest for subjects such as social aspects of technology transfer, managing the introduction of technological change, ethical aspects, technology and environmental stability, and anticipating secondary and tertiary effects of technological development. - 3 survey papers, 17 technical papers and a summary of the panel discussion - Bringing together scientists and engineers working in these subjects to discuss solutions
Computational Methods In Economic Dynamics
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Author : Herbert Dawid
language : en
Publisher: Springer Science & Business Media
Release Date : 2011-03-23
Computational Methods In Economic Dynamics written by Herbert Dawid and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-03-23 with Business & Economics categories.
This volume is centered around the issue of market design and resulting market dynamics. The economic crisis of 2007-2009 has once again highlighted the importance of a proper design of market protocols and institutional details for economic dynamics and macroeconomics. Papers in this volume capture institutional details of particular markets, behavioral details of agents' decision making as well as spillovers between markets and effects to the macroeconomy. Computational methods are used to replicate and understand market dynamics emerging from interaction of heterogeneous agents, and to develop models that have predictive power for complex market dynamics. Finally treatments of overlapping generations models and differential games with heterogeneous actors are provided.