Bücher der Reihe Lecture Notes in Economics and Mathematical Systems

Simulation is used in economics to solve large econometric models, for large-scale micro simulations, and to obtain numerical solutions for policy design in top-down established models.

Past cycles of sovereign lending and default suggest that debt crises will recur at some point. Surveying the sovereign bond market, the author provides investors with a useful toolkit for analyzing sovereign bonds and foreseeing trends in the international financial architecture.

This book is based on presentations at AE'2006 (Aalborg, Denmark) - the second symposium on Artificial Economics. Coverage in this volume extends to well known questions of economics, like the existence of market efficiency, and to questions raised by new analytical tools, for example networks of social interaction.

The attachment effect can hinder effective negotiation. Parties are influenced by their subjective expectations formed on account of the exchange of offers, they form reference points, and loss aversion potentially leads to a change of preferences when expectations change.

This book analyzes revenue management (RM) problems with flexible products and RM in broadcasting companies. In addition, it contains descriptions of algorithms to generate stochastic demand data streams for general RM problems.

This book revises the well-known capacity control problem in revenue management from the perspective of a risk-averse decision-maker. Modelling an expected utility maximizing decision maker, the problem is formulated as a risk-sensitive Markov decision process. Special emphasis is put on the existence of structured optimal policies.

The book presents a computation of the minimum endowment which restores economic viability and derives the dynamic laws that regulate both transactions and price fluctuations. The target audience primarily comprises open-minded and mathematically interested economists but the book may also be beneficial for graduate students.

This monograph deals with theoretical and practical aspects of creating course timetables at academic institutions. The book presents an exposition of the basic combinatorial problems and solution methods for course timetabling and related tasks.

If, in addition, all buyers are retailers (i.e., they resell the goods purchased in the analyzed market in a retail market) then the equilibrium vector of the quantities sold in the retail market is sold with the lowest possible selling costs.

It consists of three parts: MCDM Foundation and Theory, MCDM Methodology, and MCDM Applications. In Part I, it covers the historical MCDM development, the influence of MCDM on technology, society and policy, Pareto optimization, and analytical hierarchy process.

This book provides a game theoretic model of interaction among VoIP telecommunications providers regarding their willingness to enter peering agreements with one another.

Artificial economics is a computational approach that aims to explain economic systems by modeling them as societies of intelligent software agents. The individual agents make autonomous decisions, but their actual behaviors are constrained by available resources, other individuals' behaviors, and institutions.

The determinants of yield curve dynamics have been thoroughly discussed in finance models. it enables policy makers to develop new guidelines for monetary policy and for financial supervision of how to cope with evolving financial imbalances.

One might expect that after their identification in the 19th century, all aspects of Giffen goods would have been studied by now. In the past, surprisingly few goods could be categorized as "Giffen." This may be because of a lack of understanding of the character of these goods.

This book addresses the challenging task of demand forecasting and inventory management in retailing.

Retail shelf management means cost-efficiently aligning retail operations with consumer demand. Retailers need to match consumer demand with shelf supply by balancing variety (number of products) and service levels (number of items of a product), and by optimizing demand and profit through carefully calibrated prices.

This work starts from the empirical observation that all three dimensions, namely time, space, and structural functional forms, are important for an integrative framework of modern empirical analysis in regional science.

This handbook is a sequel to an earlier volume entitled "A Theory of Supercritical Wing Sections, with Computer Programs and Examples." We should like to make this material available here, since it is more convenient to use the design program in conjunction with data for a fairly broad range of examples.

IRIA LABORIA, Institut de Recherche d'Informatique et d'Automatique

The object of this collection of essays is to acquaint the English speaking reader with the work of the IFO Institute for Economic Re search, tlunich, in the field of business cycle surveys.

The purpose of this monograph is to illuminate the central issues of dynamic analysis applied to economic models, using a generally accepted language of the study of dynamical systems at a level of sophistication likely to be understood by an economist versed in elementary topology.

Furthermore, a classification number is defined allowing a formal description of a test problem, and the documentation scheme is described which is used in Chapter IV to present the problems.

This work was written during my visits at CORE (Belgium), at the Faculty of Economics and Politics in Cambridge (England), and at the Department of Mathematics at the ETH in ZUrich. In 1981 it was accepted as a "Habi1itations schrift" in Mathematical Economics by the Department of Mathematics at the ETH in ZUrich.

During the week of September 20-23, 1983, an International Workshop on Interactive Decision Analysis and Interpretative Computer Intelligence was held at the International Institute for Applied Systems Analysis (IIASA) in Laxenburg, Austria.

The value of information indicates the maximum tolerable information costs, and its knowledge, therefore, enables - by comparing with the actual information costs - to evaluate the profitability of an information procurement.

Such a discussion on the dynamics of the classical process of competition and the stability of classical production prices was originally initiated by several papers by Nikaido (1977, 1983, 1984) and further pursued by several scholars (see Steedman, 1983;

The investigation of special topics in systems dynamics -uncertain dynamic processes, viability theory, nonlinear dynamics in models for biomathematics, inverse problems in control systems theory-has become a major issue at the System and Decision Sciences Research Program of the International Insti tute for Applied Systems Analysis.