Optimal Firm Behaviour In The Context Of Technological Progress And A Business Cycle PDF Download
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| Author | : Onno van Hilten |
| Publisher | : Springer Science & Business Media |
| Total Pages | : 237 |
| Release | : 2013-03-14 |
| Genre | : Business & Economics |
| ISBN | : 3662027186 |
Download Optimal Firm Behaviour in the Context of Technological Progress and a Business Cycle Book in PDF, ePub and Kindle
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
| Author | : Pier C. Nicola |
| Publisher | : Springer Science & Business Media |
| Total Pages | : 176 |
| Release | : 2012-12-06 |
| Genre | : Business & Economics |
| ISBN | : 3642483992 |
Download Imperfect General Equilibrium Book in PDF, ePub and Kindle
Economic theory of the last fifty years has been dominated by the paradigm of General Equilibrium Theory, based on the scientific work of Walras-Pareto-Cassel-Wald-Hicks-Arrow-De breu-McKenzie. Some of its grounding assumptions are: all prices are fully flexible; an auctioneer appropriately manipulates all prices according to the law of supply and demand; every con sumer has only one budget constraint; all agents are perfectly informed; no actions are taken by agents before a vector of prices has been found such that all markets clear. Indeed, when all markets clear every agent can implement her/his chosen (opti mal) action and nobody is urged to change his/her decisions. Under these assumptions it is generally said that in a (one pe riod, competitive) general equilibrium model there is no place for money. The present monograph takes general equilibrium as the ba sis on which to build the model presented. But its first aim is to completely dispense with the Walrasian auctioneer by giving firms the task of choosing their output price~ period after period.
| Author | : Peter Bogetoft |
| Publisher | : Springer Science & Business Media |
| Total Pages | : 314 |
| Release | : 2012-12-06 |
| Genre | : Mathematics |
| ISBN | : 3642486363 |
Download Non-Cooperative Planning Theory Book in PDF, ePub and Kindle
Planning in a general sense is concerned with the design of communication and decision making mechanisms in organizations where information and choice are decentralized. Non-cooperative planning theory as it is developed in this book treats the incentive aspects hereof. It stresses how strategic behavior and opportunism may impede planning, and how this can be coped with via the organization of communication and decision making, the design of information and control systems, and the development of incentive schemes. In particular, the book contains a thorough investigation of incentive provision in information production.
| Author | : Chuangyin Dang |
| Publisher | : Springer Science & Business Media |
| Total Pages | : 199 |
| Release | : 2012-12-06 |
| Genre | : Business & Economics |
| ISBN | : 3642487750 |
Download Triangulations and Simplicial Methods Book in PDF, ePub and Kindle
As a new type of technique, simplicial methods have yielded extremely important contributions toward solutions of a system of nonlinear equations. Theoretical investigations and numerical tests have shown that the performance of simplicial methods depends critically on the triangulations underlying them. This monograph describes some recent developments in triangulations and simplicial methods. It includes the D1-triangulation and its applications to simplicial methods. As a result, efficiency of simplicial methods has been improved significantly. Thus more effective simplicial methods have been developed.
| Author | : Marga Peeters |
| Publisher | : Springer Science & Business Media |
| Total Pages | : 208 |
| Release | : 2012-12-06 |
| Genre | : Business & Economics |
| ISBN | : 3642468152 |
Download Time-To-Build Book in PDF, ePub and Kindle
As large physical capital stock projects need long periods to be built, a time-to-build specification is incorporated in factor demand models. Time-to-build and adjustment costs dynamics are identified since by the first moving average dynamics, whereas by the latter autoregressive dynamics are induced. Empirical evidence for time-to-build is obtained from data from the Dutch construction industry and by the estimation result from the manufacturing industry of six OECD countries.
| Author | : Gerald Heisig |
| Publisher | : Springer Science & Business Media |
| Total Pages | : 273 |
| Release | : 2012-12-06 |
| Genre | : Business & Economics |
| ISBN | : 364255928X |
Download Planning Stability in Material Requirements Planning Systems Book in PDF, ePub and Kindle
In logistics systems, the issue of planning stability has attracted increased attention and interest in recent years. This is mainly due to an increasing integration of planning systems both within and across companies in supply chain management. The propagation of adjustments in planning systems first acquired wide attention when MRP systems were employed as standard planning tools for material coordination. Within a rolling horizon framework the MRP application produced considerable planning instability which origins from uncertainties in the planner's exogenous environment as well as from endogenous sources. This book presents an analytical investigation that gives deep insight into the influence of different kind of inventory control rules on the stability of material planning systems under stochastic demand in a rolling horizon environment.
| Author | : Thomas Steger |
| Publisher | : Springer Science & Business Media |
| Total Pages | : 161 |
| Release | : 2012-12-06 |
| Genre | : Business & Economics |
| ISBN | : 3642457843 |
Download Transitional Dynamics and Economic Growth in Developing Countries Book in PDF, ePub and Kindle
Four stylised facts of aggregate economic growth are set up initially. The growth process is interpreted to represent transitional dynamics rather than balanced-growth equilibria. Against this background, the fundamental importance of subsistence consumption is comprehensively analysed. Subsequently, the meaning of the productive-consumption hypothesis for the intertemporal consumption trade-off and the growth process is investigated. Finally, the process of growth is analysed empirically by means of cross-sectional conditional convergence regressions with endogenous control variables.
| Author | : Matthias Ehrgott |
| Publisher | : Springer Science & Business Media |
| Total Pages | : 248 |
| Release | : 2013-11-11 |
| Genre | : Business & Economics |
| ISBN | : 3662221993 |
Download Multicriteria Optimization Book in PDF, ePub and Kindle
Life is about decisions. Decisions, no matter if made by a group or an indi vidual, involve several conflicting objectives. The observation that real world problems have to be solved optimally according to criteria, which prohibit an "ideal" solution - optimal for each decision-maker under each of the criteria considered - has led to the development of multicriteria optimization. From its first roots, which where laid by Pareto at the end of the 19th century the discipline has prospered and grown, especially during the last three decades. Today, many decision support systems incorporate methods to deal with conflicting objectives. The foundation for such systems is a mathematical theory of optimization under multiple objectives. Fully aware of the fact that there have been excellent textbooks on the topic before, I do not claim that this is better text, but it has a has a consid erably different focus. Some of the available books develop the mathematical background in great depth, such as [SNT85, GN90, Jah86). Others focus on a specific structure of the problems covered as [Zel74, Ste85, Mie99) or on methodology [Yu85, CH83a, HM79). Finally there is the area of multicriteria decision aiding [Roy96, Vin92, KR93), the main goal of which is to help deci sion makers find the final solution (among many "optimal" ones) eventually to be implemented.
| Author | : Panos M. Pardalos |
| Publisher | : Springer Science & Business Media |
| Total Pages | : 495 |
| Release | : 2012-12-06 |
| Genre | : Business & Economics |
| ISBN | : 3642591795 |
Download Network Optimization Book in PDF, ePub and Kindle
Network optimization is important in the modeling of problems and processes from such fields as engineering, computer science, operations research, transportation, telecommunication, decision support systems, manufacturing, and airline scheduling. Recent advances in data structures, computer technology, and algorithm development have made it possible to solve classes of network optimization problems that until recently were intractable. The refereed papers in this volume reflect the interdisciplinary efforts of a large group of scientists from academia and industry to model and solve complicated large-scale network optimization problems.
| Author | : Gerald A. Heuer |
| Publisher | : Springer Science & Business Media |
| Total Pages | : 295 |
| Release | : 2012-12-06 |
| Genre | : Business & Economics |
| ISBN | : 3642468195 |
Download Silverman’s Game Book in PDF, ePub and Kindle
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.
