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Full Description
This volume presents a collection of more than sixty papers on mathematical economics. All papers use a model-based approach. The focus of the book is to demonstrate the state-of-the-art in modelling and research in important areas of economic theory. It is divided into four parts: Part I: Economics; Part II: Operations Research and Models of the Firm; Part III: Risk, Insurance, and Statistics; Part IV: Policy and Methodology. The papers are written by international experts who have dedicated their contributions to Wolfgang Eichhorn on the occasion of his 60th birthday. Researchers as well as graduate students interested in mathematical modelling in economics will find this book a rich source of interesting and novel results.
Contents
From the contents: Economics: Constituent-Sensitive Public Fund Sharing.- Connections between Taxation, Wage Rate and the Affection to Leisure.- Social Preferences as Optimal Compromises.- Nonparametric Tests for Cost Constrained Technologies.- Growth Models in Comparison.- The Central Role of Efficiency in Inequality and Welfare Measurement Theory.- Operations Research and Models of the Firm: Forecasting the Development of a German Building Society - Different Methods of Mathematical Approach and Computer Simulation.- Oligopolies and Aggregate Market Power.- Product Positioning Based on Knowledge-Oriented Support: A Logical Framework.- A Heuristic for Multi-Product, Multi-Period, Single-Level Batch Production.- Risk, Insurance, and Statistics: Share Economy: What is the Meaning of "Marginal Revenue Equals Marginal Labor Cost" in a Stochastic Model?- The Design and Implementation of a German Stock Price Research Index (Deutscher Aktien-Forschungsindex DAFOX).- Policy and Methodology: The Economic Impact of Environmental Regulation: An AGE Analysis under Alternative Treatments of Technical Change.- Financial Deregulation and Macroeconomic Stabilization Rules.
