Economic theory and philosophy Books

The authors offer a revolutionary solution to risk management. It's the unknown risks that keep leaders awake at night-wondering how to prepare for and steer their organization clear from that which they cannot predict. Businesses, governments and...

This book addresses two-person zero-sum finite games in which the payoffs in any situation are expressed with fuzzy numbers. The purpose of this book is to develop a suite of effective and efficient linear programming models and methods for solving...

The papers in this volume explore various issues relating to theories of individual and collective choice, and theories of social welfare. The topics include individual and collective rationality, motivation and intention in economics, coercion, public...

This book introduces methods for uncertain multi-attribute decision making including uncertain multi-attribute group decision making and their applications to supply chain management, investment decision making, personnel assessment, redesigning...

This book describes a system of mathematical models and methods that can be used to analyze real economic and managerial decisions and to improve their effectiveness. Application areas include: management of development and operation budgets, assessment...

David Ellgering belegt empirisch, dass die Unternehmensabspaltung Einfluss auf den Shareholder-Value hat. Der Autor analysiert die Wirkung finanzwirtschaftlicher Determinanten auf die Überrendite der Investoren. In der amerikanischen Fachliteratur wird...

The book introduces the New Keynesian framework, historically through a literature overview and through a step-by-step derivation of a New Keynesian Phillips curve, an intertemporal IS curve, and a targeting rule for the central bank. This basic version...

Dieses Lehrbuch ermöglicht dem Leser einen leichten Einstieg in die Matrixrechnung. Matrizen und Vektoren bilden eine wesentliche Grundlage vieler quantitativer Modelle und Methoden sowohl in der ökonomischen Forschung als auch in der industriellen...

In dem vorliegenden Buch wird die Entwicklung nach der Reformphase deutscher Universitäten in den 1960er und 1970er Jahren, die im Zuge der Studentenbewegung eine Pluralisierung der Ökonomik anstoßen wollte, aufgearbeitet und die Gründe für die...

Robert Dochow mathematically derives a simplified classification structure of selected types of the portfolio selection problem. He proposes two new competitive online algorithms with risk management, which he evaluates analytically. The author...

Philip Ernstberger analyses in his three essays different topics of financial pathologies. Thereby, changes in fundamentals as well as information are considered as the driving force for the behavior of speculators and investors. The first essay deals...

This thesis presents a new strategy that unites qualitative and quantitative mass data in form of text news and tick-by-tick asset prices to forecast the risk of upcoming volatility shocks. Holger Kömm embeds the proposed strategy in a monitoring system,...

This publication links information asymmetries anddecision processes of financial investors through quantitative models. The aimis to analyze empirical observations and synthesize outputs in order to add newacademic insights with practical pertinence...

This work exploits the natural experiment provided by the unexpected disintegration of socialist East Germany to study the impact of the mass immigration of East Germans on housing rents in West German metropolitan areas. Using a spatial correlation...

This thesis uses neoclassical growth models toevaluate what effect the limited availability of nonrenewable resources has onthe economy's (world's) growth potential. Markus Merz concludes that recyclingmay serve as a mid-term solution to continued...

Vadim Kufenko provides a theoretical and empirical analysis of various aspects of economic growth and income inequality in the Russian regions using different estimation techniques from the cross-section OLS and logistic models to dynamic panel data...

Lukas Heim evaluates the performance of a price-level targeting rule compared to that of a standard inflation targeting rule. The comparison is based on a medium-scale DSGE model which has been estimated based on state-of-the-art Bayesian methods. The...

After the most recent financial crisis it has become clear that there exists a crisis also in economics as a science. The prevailing paradigms have failed to anticipate and to understand the financial crisis. New approaches are therefore needed. Of...

Oliver Sauter analyzes three aspects of monetary policy under uncertainty. First he shows that the terms risk and uncertainty are often wrongly used as synonyms despite their different meanings. The second aspect is the proper examination and...

Theory and practice of high-capacity infrastructure projects are the major focus in the development of countries in the Global South. Aiming at a more fine-grained understanding of such projects, Renard Teipelke studies the Thika Highway Improvement...

Alexander von Kotzebue investigates the interdependency of charitable giving, fundraising, and governmental intervention. His study comprises a literature survey, a model of the donor-fundraiser relation, and finally, an econometric analysis of the...

In order to solve a given problem, economic analysis is com­ pelled to concentrate on the interaction of selected factors while disregarding a multitude of other influences. This book offers a discussion of certain central...

Manganese nodules lying on the ocean floor beyond national jurisdiction and containing such strategic minerals as cobalt, copper, manganese and nickel are currently considered to constitute the highest-valued deep ocean mineral...

Martin Beckmann is going to celebrate his sixtieth birthday. This is almost unbelievable considering the vitality, ingenuity, and activity which he continues to show as he always did. It is an honor­ able and pleasant duty for...

Markov processes play an important role in the study of probability theory. Homogeneous denumerable Markov processes are among the main topics in the theory and have a wide range of application in various fields of science and...

Todaymanyeconomists, engineers and mathematicians are familiar with linear programming and are able to apply it. This is owing to the following facts: during the last 25 years efficient methods have been developed; at the same...

Over the past fifteen years two new techniques have yielded extremely important contributions toward the numerical solution of nonlinear systems of equations. This book provides an introduction to and an up-to-date survey of...

This book is a survey on the problem of choosing from a tournament. It brings together under a unified and self-contained presentation results and concepts from Graph Theory, Choice Theory, Decision Science and Social Choice...

Strategic interaction occurs whenever it depends on others what one finally obtains: on markets, in firms, in politics etc. Game theorists analyse such interaction normatively, using numerous different methods. The ...

In recent years a growing interest in the structural V AR approach (SV AR) has followed the path-breaking works by Blanchard and Watson (1986), Bernanke (1986) and Sims (1986), especially in the U.S. applied macroeconometric...

In the mid 1960's both authors undertook independent works in oligopoly.and game theory. However, it was not until 1983 that they formally met. Since then, they have continued meeting either in Budapest or Tokyo. Their...

With the dawn of the twenty-first century comes the awareness that current rapid political-economic-social and technological transformations will affect our of living, by producing new forms of information, communications,...

This book is a substantially revised and enlarged version of the monograph General Equilibrium with Increasing Returns, published by Springer-Verlag as a Lecture Notes volume in 1996. It incorporates new topics and the most...

As Ken Wallis (1993) has pOinted out, all macroeconomic forecasters and policy analysts use economic models. That is, they have a way of going from assumptions about macroeconomic policy and the international environment, to a...

The present book analyses the work of Ezio Tarantelli, a remarkable Italian scientist and economist killed by the Red Brigades in 1985 after only a short life (1941-1985). Tarantelli's work and its implications are not only of importance for Italian...

Economic theory and empirical research confirm that the rising international integration caused an increase in aggregate income at least for the industrialized countries, although trade liberalization is no Pareto improvement. In the empirical...

The developments over a thirty-year time span in the study of power, especially voting power, are traced in this book, which provides an up-to-date overview of applications of n-person game theory to the study of power in multimember bodies. Other...

Combining elements of economic reasoning and political science has proven to be very useful for understanding the broad variation in economic development around the world. In a sense research in this field goes back to the Scottish Enlightenment and Adam...

This book presents the latest research in the field of Political Economy, dealing with the integration of economics and politics and the way institutions affect social decisions. The authors are eminent scholars from the U.S., Canada, Britain, Spain,...

The mathematical theory of democracy deals with selection of representatives who make decisions on behalf of the whole society. In this book, the notion of representativeness is operationalized with the index of popularity (the average percentage of the...

Today it appears that we understand more about the universe than about our interconnected socio-economic world. In order to uncover organizational structures and novel features in these systems, we present the first comprehensive complex systems analysis...

Quantum-like structure is present practically everywhere. Quantum-like (QL) models, i.e. models based on the mathematical formalism of quantum mechanics and its generalizations can be successfully applied to cognitive science, psychology, genetics,...

The Classical Cournot Model.- Concave Oligopolies.- General Oligopolies.- Modified and Extended Oligopolies.- Oligopolies with Misspecified and Uncertain Price Functions, and Learning.- Overview and Directions for Future Research.

Over the last two decades there has been a great deal of research into nonlinear dynamic models in economics, finance and the social sciences. This book contains twenty papers that range over very recent applications in these areas. Topics covered...

Motivation and a Few Cases.- Simple Sharing Problems.- Cost Allocation as Cooperative Games.- General Sharing Problems.- Sharing in Networks.