Optimal Firm Behaviour In The Context Of Technological Progress And A Business Cycle
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Optimal Firm Behaviour In The Context Of Technological Progress And A Business Cycle
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Author : Onno van Hilten
language : en
Publisher: Springer Science & Business Media
Release Date : 2013-03-14
Optimal Firm Behaviour In The Context Of Technological Progress And A Business Cycle written by Onno van Hilten 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 2013-03-14 with Business & Economics categories.
This thesis is a theoretical study of the optimal dynamic policies of a, to some extent, slowly adjusting firm that faces an exogeneously given technological progress and an exogeneously given business cycle. It belongs to the area of mathematical economics. It is intended to appeal to mathematical economists in the first place, economists in the second place and mathematicians in the third place. It entails an attempt to stretch the limits of the application of deterministic dynamic optimisation to economics, in particular to firm behaviour. A well-known· Dutch economist (and trained mathematician) recently stated in 1 a local university newspaper that mathematical economists give economics a bad reputation, since they formulate their problems from a mathematical point of view and they are only interested in technical, mathematical problems. At the same time, however, "profound as economists may be, when it comes to extending or modifying the existing theory to make it applicable to a certain economic problem, an understanding of optimal control theory (which is the mathematical theory used in this thesis, ovh) based solely on heuristic arguments will often turn out to be inadequate" (SydS
Optimal Firm Behaviour In The Context Of Technological Progress And A Business Cycle
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Author : Onno Van Hilten
language : en
Publisher:
Release Date : 2014-01-15
Optimal Firm Behaviour In The Context Of Technological Progress And A Business Cycle written by Onno Van Hilten and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-01-15 with categories.
Dynamic Models Of The Firm
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Author : Mark W.J. Blok
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Dynamic Models Of The Firm written by Mark W.J. Blok 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.
This book contributes to the scientific field of optimal control theory applied to dynamic models of the firm. It discusses optimal investment, financing and production policies of the firm, that have to deal with a variety of aspects, such as financial constraints, start-up costs, business cycles, increasing returns to scale, production life cycles and experience curves. In contrast to many other publications on this subject, here, in combination with an analytical approach, the dynamic optimization problems are solved numerically with the aid of a powerful computer and specific programs for optimizing non-linear functions of a finite number of variables and non-linear constraints.
Litigation And Settlement In A Game With Incomplete Information
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Author : Wolfgang Ryll
language : en
Publisher: Springer Science & Business Media
Release Date : 1996-07-12
Litigation And Settlement In A Game With Incomplete Information written by Wolfgang Ryll 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 1996-07-12 with Business & Economics categories.
The book investigates a two-person game of litigation and settlement with incomplete information on one side. The experimental design allows investigation of how subjects solve the bargaining problem. A prominence level analysis is applied to the data and suggests that subjects tend to choose "round" numbers. It is shown that there exists a correlation between machiavellianism and subjects' adjustment behaviour in the game. The learning behaviour is discussed extensively. Plaintiffs' acceptance limits polarize at the beginning of the second play. A model of learning direction theory applied to explain subjects's behaviour over the course of the game.
Controlling
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Author : Thomas Reichmann
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Controlling written by Thomas Reichmann 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.
In times of globalization, competition and economic and technological progress, the permanent improvement of the planning, coordination and control system of companies is a major task of Controlling. This book presents a concise concept for the design of a ratio and management report system for each functional part of the company. It addresses as well practitioners who seek decision support in their day-to-day business, as scientists and students who want to obtain information about the state of the art of Management Control and Controllership.
Silverman S Game
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Author : Gerald A. Heuer
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Silverman S Game written by Gerald A. Heuer 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.
The structure of a Silverman game can be explained very quickly: Each of two players independently selects a number out of a prede termined set, not necessarily the same one for both of them. The higher number wins unless it is at least k times as high as the other one; if this is the case the lower number wins. The game ends in a draw if both numbers are equal. k is a constant greater than 1. The simplicity of the rules stimulates the curiosity of the the orist. Admittedly, Silverman games do not seem to have a direct applied significance, but nevertheless much can be learnt from their study. This book succeeds to give an almost complete overview over the structure of optimal strategies and it reveals a surprising wealth of interesting detail. A field like game theory does not only need research on broad questions and fundamental issues, but also specialized work on re stricted topics. Even if not many readers are interested in the subject matter, those who are will appreciate this monograph.
Predictive Behavior
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Author : Gunnar Brennscheidt
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Predictive Behavior written by Gunnar Brennscheidt 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.
This book describes a series of laboratory experiments (with a total of 167 independent subjects) on forecasting behavior. In all experiments, the time series to be forecasted was generated by an abstract econometric model involving two or three artificial exogenous variables. This designprovides an optimal background for rational expectations and least-squares learning. As expected, these hypotheses do not explain observed forecasting behavior satisfactorily. Some phenomena related to this lack of rationality are studied: Concentration on changes rather than levels,underestimation of changes and overvaluation of volatile exogenous variables. Some learning behavior is observed. Finally, some aspects of individual forecasts such as prominence of "round" number, dispersion, etc.,are studied.
Stochastic Optimization
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Author : Kurt Marti
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Stochastic Optimization written by Kurt Marti 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.
This volume includes a selection of refereed papers presented at the GAMM/IFIP-Workshop on "Stochastic Optimization: Numerical Methods and Technical Applications", held at the Federal Armed Forces University Munich, May 29 - 31, 1990. The objective of this meeting was to bring together scientists from Stochastic Programming and from those Engineering areas, where Mathematical Programming models are common tools, as e. g. Optimal Structural Design, Power Dispatch, Acid Rain Management etc. The first, theoretical part includes the papers by S. D. Flam. H. Niederreiter, E. Poechinger and R. Schultz. The second part on methods and applications contains the articles by N. Baba, N. Grwe and W. Roemisch, J. Mayer, E. A. Mc Bean and A. Vasarhelyi.
Simulation And Optimization
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Author : Georg Pflug
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Simulation And Optimization written by Georg Pflug 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.
This volume contains selected papers presented at the "International Workshop on Computationally Intensive Methods in Simulation and Op th th timization" held from 23 to 25 August 1990 at the International Institute for Applied Systems Analysis (nASA) in La~enburg, Austria. The purpose of this workshop was to evaluate and to compare recently developed methods dealing with optimization in uncertain environments. It is one of the nASA's activities to study optimal decisions for uncertain systems and to make the result usable in economic, financial, ecological and resource planning. Over 40 participants from 12 different countries contributed to the success of the workshop, 12 papers were selected for this volume. Prof. A. Kurzhanskii Chairman of the Systems and Decision Sciences Program nASA Preface Optimization in an random environment has become an important branch of Applied Mathematics and Operations Research. It deals with optimal de cisions when only incomplete information of t.he future is available. Consider the following example: you have to make the decision about the amount of production although the future demand is unknown. If the size of the de mand can be described by a probability distribution, the problem is called a stochastic optimization problem.
Modern Methods Of Optimization
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Author : Werner Krabs
language : en
Publisher: Springer Science & Business Media
Release Date : 2013-03-14
Modern Methods Of Optimization written by Werner Krabs 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 2013-03-14 with Business & Economics categories.
This volume contains the proceedings of the summer school "Modern Methods of Optimization", held at the Schlof3 Thurnau of the University of Bayreuth, October 1-6, 1990. Like other branches of applied mathematics the area of optimization is undergoing a rapid development since the beginning of the computer age. Optimizaiton methods are of increasing importance for both, science and industry. The aim of the summer school was to present state-of-the-art knowledge by inviting 12 specialists from Op timization (and related fields) to present their areas of activity in the form of survey talks. This volume contains 10 of these presentations in slightly extended form. Most lectures started from an undergraduate level and outlinad the developments up to the latest scientifique achievements. This enabled the audience, consisting of about 45 students and young researchers, to get an excellent overview of the latest trends in Optimization as w~ll as a grasp of the breadth of its potential applications. Equally important to the success of the summer school was the "nonmeasurable" part of the activities inherent in such a summer school. Here the inspiring atmosphere of a place like Thurnau helped to establish numerous contacts between "teachers" and "students". The summer school was organized by the Universitii. t Bayreuth together with the Technische Hochschule Darmstadt and was generously sponsored by the Volkswagen stiftung and the Universitii. tsverein Bayreuth. Their interest in the meeting and their support is hereby gratefully acknowledged.