Bücher der Reihe Lecture Notes in Economics and Mathematical Systems

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. A field like game theory does not only need research on broad questions and fundamental issues, but also specialized work on re stricted topics.

One of the main reasons why nonlinear dynamic models are so interesting to economists is that they are able to produce a great variety of possible dynamic outcomes - from regular predictable behavior to the most complex irregular behavior - rich enough to meet the economists' objectives of modeling.

A general setting for evolutionary game theory 6 2. Finite number of strategies . . . . . Additional remarks . . . . . . . . . . . . . . . . . . . . . Evolutionary stability and solution concepts in classical game theory 30 3. Conditions for evolutionary stability based on the normal cone 31 3.

The main objective of this volume is to provide a presentation and discussion of recent developments in optimization and related fields. Equal emphasis is given to theoretical and practical fields. Topics covered include optimization and variational inequalities and control theory.

Stein Disenchantment with Keynesian econollics developed during the post-1968 period when the rate of growth of output declined, the rate of unemployment rose, and the rate of inflation increased in the U.S. and in other countries.

This book develops a general solution concept for strategic games which resolves strategic uncertainty completely. A long nontechnical introduction tries to survey and to discuss the more technical parts of the book. The book and especially the introduction provide firm and consistent guidance for scholars of game theory.

A critical examination of The prevailing orthodoxy according to which all macroeconomic theory should be reducible to microeconomics. The book provides a mathematical extension of the Lucas theory to allow for the effects of creation of knowledge upon economic development so as to improve the prediction of business cycle data.

Two features are combined in this book: the analysis of bargaining experiments and the development of axiomatic bargaining theories. The author describes bargaining experiments with different economic and ethical frames as well as developing axiomatic approaches to characterize the corresponding bargaining solutions.

In connection with this term the following questions directly arise: What is a good redistribution ? In doing so, Iwanted to indicate that it is not necessary to restrict oneself to income - or commodity taxes as is common place in public finance when aiming at redistribution.

Scope of the Book This book is a contribution to the area of "dynamic models of the firm". calculus of variations and dynamic programming to design and analyse dynamic models of the firm. - extends the stochastic dynamic theory of the firm by connecting it with a dynamic version of the Capital Asset Pricing Model.

In this book, production rules are studied for situations which share some important elements. The purpose is to find a simple production rule, which offers possibilities for a simple adaptation to the varying wishes or to additional complications.

This volume contains a selection of papers that were presented at the International Workshop on Dynamic Competitive Analysis, held in Montr6al, Canada, September 1-2, 1995.

Within the field of multiple criteria decision making, this volume covers advances in multiple objective and goal programming as presented at the second International Conference on Multi-Objective Programming and Goal Programming.

The aim of this book is the presentation of two new descriptive theories for experimental bargaining games and a comparison with other descriptive and normative theories. But unlike natural scientists, economists have not been able to test their theories under controlled conditions.

Elements of a Nonlinear Theory of Economic Dynamics provides both a framework and a survey of its needs. First, principle results and techniques of the theory relevant to applications in dynamic economics are discussed, then their application in view of older endogenous cycle theories are considered in a unified mathematical framework.

statistics and applied sciences.* In 1949 de Finetti introduced one of the fundamental of generalized convex functions characterized by convex level sets which are now known as quasiconvex functions.

new models are developed in which the rather stringent and questionable restrictions of symmetry generally imposed upon stochastic adjustment models of labour demand are relaxed, the models are analysed empirically using time series data of Dutch and U.K.

This work shows that the gap between theory and facts in modern macroeconomics can only be elimated by nonlinear macroeconomic dynamics with certain following characteristics.

The present book adds an important contribution to the understanding of principles of boundedly rational behavior by directly observing groups of subjects in a decision situation and videotaping their discussions. A very important result of the book is that the behavior of subjects is guided by aspirations regarding the final outcome.

This proceedings volume consists of papers presented at the Seventh International Workshop on Computer-Aided Scheduling of Pllblic Transport, which was held at th th the Massachusetts Institute of Technology from August 5 to 8 , 1997.

In principle, money illusion could explain the inertial adjustment of prices after changes of monetary policy. Hence, money illusion could provide an explanation of monetary non-neutrality. This book argues that money illusion has been prematurely dismissed as an explanation of monetary non-neutrality.

Flow line design is one of the major tasks in production management. Based on these fast analytical techniques, it is possible to determine a flow line design that maximizes the net present value of the flow line investment.

Developments in the field of ill-posed variational problems and variational inequalities are presented here. The work covers a large range of theoretical, numerical and practical aspects.

These two modes of working on Games are quite different but we think that a unitary approch to Games can be given and this book is an attempt in this direction. Because of asymmetry in the (stochastic) information available the Nash and the Stackelberg games become non standard stochastic diffe rential games.

Four stylised facts of aggregate economic growth are set up initially. Finally, the process of growth is analysed empirically by means of cross-sectional conditional convergence regressions with endogenous control variables.

This volume consists of six essays that develop and/or apply "rational expectations equilibrium inventory models" to study the time series behavior of production, sales, prices, and inventories at the industry level.

Traditionally, there was a distinct difference between optimization in engineering, optimization in management, and optimization as it was treated in mathematical sciences.

This monograph offers information on the theory of degeneracy graphs, paving the way for an understanding of further applications, and also uses the basic theory to go on to explain the theory of simplex cycling and to derive the conditions in which simplex cycling would be used.

The arising new business cycle theory can on the one side be validated by empirical evidence and on the other hand the typical behavior of nonlinear dynamic systems including the transition to deterministic chaos can be clearly demonstrated.

In this book overlapping generations economies are analysedfrom a game theoretical point of view and the socialacceptability of consumption allocations is studied ininfinite horizon models of pure exchange economieswithagents with finite lifetimes who behave cooperatively.