Bücher der Reihe Lecture Notes in Economics and Mathematical Systems

This is a study on the asymptotic behaviour of boundedly rational learning procedures in self-referential models. It reports important results of current research on this topic, results which extend the boundedly rational learning appraoch.

The book presents a peer-reviewed collection of papers presented during the 10th issue of the Artificial Economics conference, addressing a variety of issues related to macroeconomics, industrial organization, networks, management and finance, as well as purely methodological issues.

This book is devoted to the study of dynamical models of decentralized economic systems. Branches of the economic system are treated as fully independent economic agents that plan their work according to their own purposes. It is shown that the lack of coordination between economic agents leads to a limit cycle for some economic indicators.

Suggests a novel way of how the effects of tax reforms especially in the field of capital income taxation can be measured by means of dynamic computable general equilibrium (CGE) models. Using a model calibrated to the German economy, this title evaluates and quantifies the effects of introducing a Dual Income Tax (DIT) in Germany.

This monograph presents a general equilibrium methodology for microeconomic policy analysis. It is intended to serve as an alternative to the now classical, axiomatic general equilibrium theory as exposited in Debreu`s Theory of Value (1959) or Arrow and Hahn`s General Competitive Analysis (1971).

This book presents recent advancements of research, new methods and techniques, applications and projects in decision making and decision support systems. It explores expert systems and neural networks, knowledge engineering and management, fuzzy sets and systems and computational methods for optimization, data analysis and decision making.

Contains papers written by experts on a range of topics (economics, variational analysis, probability and others) closely related to convexity and generalized convexity, as well as contributions of specialists on the research on generalized convexity and applications, in particular, to optimization, economics and operations research.

This book develops allocation mechanisms that aim to ensure an efficient resource allocation in modern IT-services.

This volume features contributions to agent-based computational modeling from the social sciences and computer sciences. Topics include agent-based macroeconomics, the emergence of norms and conventions, the dynamics of social and economic networks, and behavioral models in financial markets.

The book analyzes how modern portfolio theory and dynamic term structure models can be applied to government bond portfolio optimization problems. The author studies the necessary adjustments, examines the models with regard to the plausibility of their results and compares the outcomes to portfolio selection techniques used by practitioners.

Due to the accelerating demographic change of the population the reform of the existing pension systems constitutes one of the greatest political challenges in most European countries.

The book is a benefit for graduate and postgraduate students in the areas of operations research, decision theory, optimization theory, linear algebra, interval analysis and fuzzy sets.

The International Summer School on Mathematical Systems Theory and Economics was held at the Villa Monastero in Varenna, Italy, from June 1 through June 12, 1967. The seven papers on basic theories are a rather complete representative sample of the fundaments of general systems theory, of the theory of dynamical systems and the theory of control.

Fixed-point algorithms have diverse applications in economics, optimization, game theory and the numerical solution of boundary-value problems. Much of this work is available only in research papers, although Scarf's book [58] gives a remarkably clear exposition of the power of fixed-point methods.

This second volume of proceedings of the International Conference on Regional Science, Energy and Environment (Louvain, May 1975) contains papers related to general and partial equilibrium models of regional and urban development, in which natural and human resources playa dominant role.

Every two years the members of GIRET (= Centre for International Re search on Economic Tendency Surveys) meet at conferences in order to promote the scientific discussion and to encourage the exchange of ideas.

Shephard introduced me to his work on the Law of Diminishing Returns, and encouraged me to continue that work. This monograph is a result of my inspiring experience with Professor Shephard; In developing some of the materials in this monograph I have collabo rated with my Swedish friends Leif Jansson and Leif Svensson.

It was first pointed out explicitly in SELTEN [1965J that I not all Nash equilibria of an extensive form game are qualified to be selected as the solution, since an equilibrium may prescribe irrational behavior at unreached parts of the game tree.

A new procedure for the maximum-likelihood estimation of dynamic econometric models with errors in both endogenous and exogenous variables is presented in this monograph. A complete analytical development of the expressions used in problems of estimation and verification of models in state-space form is presented.

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.

This book presents selected papers from an internationalworkshop devoted tothe theory, techniques and tools ofdecision analysis and support.

This monograph is devoted to the representation of preference orderings by real-valued order isomorphisms ("utility functions"). The most significant theorems and methods in the field are examined in a manner that should interest all those researching partial orders and their representations.

In engineering and economics a certain vector of inputs or decisions must often be chosen, subject to some constraints, such that the expected costs arising from the deviation between the output of a stochastic linear system and a desired stochastic target vector are minimal.

Some examples are given below: Credit cards: Buyers want to possess the credit cards potential sellers do accept. Also, sellers wish to have contracted the credit card company the credit cards of which potential customers usually carry along.