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Author : W. H. Somermeyer
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (883 download)
Download or read book A Consumption-savings Model and Its Applications written by W. H. Somermeyer and published by . This book was released on 1973 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Willem Hendrik Somermeyer
Publisher :
ISBN 13 :
Total Pages : 431 pages
Book Rating : 4.:/5 (463 download)
Download or read book A consumption-savings model and its applications written by Willem Hendrik Somermeyer and published by . This book was released on 1973 with total page 431 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : W. H. Somermeyer
Publisher : Amsterdam : North-Holland ; New York : American Elsevier
ISBN 13 :
Total Pages : 456 pages
Book Rating : 4.3/5 (91 download)
Download or read book A Consumption-savings Model and Its Applications written by W. H. Somermeyer and published by Amsterdam : North-Holland ; New York : American Elsevier. This book was released on 1973 with total page 456 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : John H. Cochrane
Publisher : Princeton University Press
ISBN 13 : 1400829135
Total Pages : 560 pages
Book Rating : 4.4/5 (8 download)
Download or read book Asset Pricing written by John H. Cochrane and published by Princeton University Press. This book was released on 2009-04-11 with total page 560 pages. Available in PDF, EPUB and Kindle. Book excerpt: Winner of the prestigious Paul A. Samuelson Award for scholarly writing on lifelong financial security, John Cochrane's Asset Pricing now appears in a revised edition that unifies and brings the science of asset pricing up to date for advanced students and professionals. Cochrane traces the pricing of all assets back to a single idea--price equals expected discounted payoff--that captures the macro-economic risks underlying each security's value. By using a single, stochastic discount factor rather than a separate set of tricks for each asset class, Cochrane builds a unified account of modern asset pricing. He presents applications to stocks, bonds, and options. Each model--consumption based, CAPM, multifactor, term structure, and option pricing--is derived as a different specification of the discounted factor. The discount factor framework also leads to a state-space geometry for mean-variance frontiers and asset pricing models. It puts payoffs in different states of nature on the axes rather than mean and variance of return, leading to a new and conveniently linear geometrical representation of asset pricing ideas. Cochrane approaches empirical work with the Generalized Method of Moments, which studies sample average prices and discounted payoffs to determine whether price does equal expected discounted payoff. He translates between the discount factor, GMM, and state-space language and the beta, mean-variance, and regression language common in empirical work and earlier theory. The book also includes a review of recent empirical work on return predictability, value and other puzzles in the cross section, and equity premium puzzles and their resolution. Written to be a summary for academics and professionals as well as a textbook, this book condenses and advances recent scholarship in financial economics.
Author : Milton Friedman
Publisher : Pickle Partners Publishing
ISBN 13 : 1786258919
Total Pages : 215 pages
Book Rating : 4.7/5 (862 download)
Download or read book A Theory Of The Consumption Function written by Milton Friedman and published by Pickle Partners Publishing. This book was released on 2016-03-28 with total page 215 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is the exact nature of the consumption function? Can this term be defined so that it will be consistent with empirical evidence and a valid instrument in the hands of future economic researchers and policy makers? In this volume a distinguished American economist presents a new theory of the consumption function, tests it against extensive statistical J material and suggests some of its significant implications. Central to the new theory is its sharp distinction between two concepts of income, measured income, or that which is recorded for a particular period, and permanent income, a longer-period concept in terms of which consumers decide how much to spend and how much to save. Milton Friedman suggests that the total amount spent on consumption is on the average the same fraction of permanent income, regardless of the size of permanent income. The magnitude of the fraction depends on variables such as interest rate, degree of uncertainty relating to occupation, ratio of wealth to income, family size, and so on. The hypothesis is shown to be consistent with budget studies and time series data, and some of its far-reaching implications are explored in the final chapter. "...the most influential economist of the second half of the 20th century...possibly of all of it.”—The Economist "Friedman argued that the best way to make sense of saving and spending was not, as Keynes had done, to resort to loose psychological theorizing, but rather to think of individuals as making rational plans about how to spend their wealth over their lifetimes...The details are a bit technical, but Friedman’s ‘permanent income hypothesis’ and the Ando-Modigliani ‘life cycle model’ resolved several apparent paradoxes about the relationship between income and spending, and remain the foundations of how economists think about spending and saving to this day."—Paul Krugman, New York Times
Author : Jacques H. Drèze
Publisher : John Wiley & Sons
ISBN 13 :
Total Pages : 286 pages
Book Rating : 4.F/5 ( download)
Download or read book Allocation Under Uncertainty: Equilibrium and Optimality written by Jacques H. Drèze and published by John Wiley & Sons. This book was released on 1974 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :
Publisher :
ISBN 13 :
Total Pages : 560 pages
Book Rating : 4.:/5 (319 download)
Download or read book Selected Aspects of Consumer Behavior written by and published by . This book was released on 1977 with total page 560 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : J. van Daal
Publisher : Springer Science & Business Media
ISBN 13 : 9400963343
Total Pages : 329 pages
Book Rating : 4.4/5 (9 download)
Download or read book Aggregation in Economic Research written by J. van Daal and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 329 pages. Available in PDF, EPUB and Kindle. Book excerpt: Our interest in problems of aggregation originates from about seven years ago when we became involved in research in the field of applied microeconomics. To our astonishment a vast majority of researchers in this area took it for granted that their, mostly thoroughly derived, micro models could meaningfully be confronted with per capita data. Nany of them did not even realize - at least they gave no utterance to it - that applying macro data in micro models raises considerable problems. Those who did mention the difficulty, almost always belittled its importance. Fortunately, there are noteworthy exceptions. Thinking about aggregation raises at least two questions: "Why or why not aggregate?" and "How to aggregate and, in particular, to what degree?" General answers to these questions can only be given in uninformative wording (as many assertions in economics): one aggregates for the sake of tractability, because of the lack of (individual) data, to avoid or to reduce multicollineartiy, to save degrees of freedom; one abstains from aggregation to avoid loss of information, to avoid aggregation biases and one aggregates such and to such degree as to bypass or reduce the drawbacks mentioned above.
Author : Ryuzo Sato
Publisher : Springer Science & Business Media
ISBN 13 : 9780792390725
Total Pages : 332 pages
Book Rating : 4.3/5 (97 download)
Download or read book Conservation Laws and Symmetry: Applications to Economics and Finance written by Ryuzo Sato and published by Springer Science & Business Media. This book was released on 1990-05-31 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: Modem geometric methods combine the intuitiveness of spatial visualization with the rigor of analytical derivation. Classical analysis is shown to provide a foundation for the study of geometry while geometrical ideas lead to analytical concepts of intrinsic beauty. Arching over many subdisciplines of mathematics and branching out in applications to every quantitative science, these methods are, notes the Russian mathematician A.T. Fomenko, in tune with the Renais sance traditions. Economists and finance theorists are already familiar with some aspects of this synthetic tradition. Bifurcation and catastrophe theo ries have been used to analyze the instability of economic models. Differential topology provided useful techniques for deriving results in general equilibrium analysis. But they are less aware of the central role that Felix Klein and Sophus Lie gave to group theory in the study of geometrical systems. Lie went on to show that the special methods used in solving differential equations can be classified through the study of the invariance of these equations under a continuous group of transformations. Mathematicians and physicists later recognized the relation between Lie's work on differential equations and symme try and, combining the visions of Hamilton, Lie, Klein and Noether, embarked on a research program whose vitality is attested by the innumerable books and articles written by them as well as by biolo gists, chemists and philosophers.
Author : M.M. Fischer
Publisher : Elsevier
ISBN 13 : 1483290883
Total Pages : 392 pages
Book Rating : 4.4/5 (832 download)
Download or read book Spatial Choices and Processes written by M.M. Fischer and published by Elsevier. This book was released on 2013-10-22 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt: Spatial decisions and processes are fundamental to the understanding of spatial structure. In the earlier stages of spatial analysis proposed explanations were typically on the aggregate, phenomenological level. Now a new field has evolved and matured which calls for a deeper understanding of spatial structure with a particular emphasis on spatial decisions and processes. The present volume serves as a guide and as an anthology by discussing a wide variety of new modelling approaches, techniques and issues related to spatial decision and processes and drawing these seemingly disparate, but interlocking parts together.
Author : Richard Hemming
Publisher : Springer
ISBN 13 : 1349170283
Total Pages : 433 pages
Book Rating : 4.3/5 (491 download)
Download or read book The Determinants of National Saving and Wealth written by Richard Hemming and published by Springer. This book was released on 1983-02-17 with total page 433 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Association of University Teachers of Economics
Publisher : Manchester University Press
ISBN 13 : 9780719005800
Total Pages : 464 pages
Book Rating : 4.0/5 (58 download)
Download or read book Contemporary Issues in Economics written by Association of University Teachers of Economics and published by Manchester University Press. This book was released on 1975 with total page 464 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Peter Diamond
Publisher : Princeton University Press
ISBN 13 : 1400829143
Total Pages : 331 pages
Book Rating : 4.4/5 (8 download)
Download or read book Behavioral Economics and Its Applications written by Peter Diamond and published by Princeton University Press. This book was released on 2012-01-12 with total page 331 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the last decade, behavioral economics, borrowing from psychology and sociology to explain decisions inconsistent with traditional economics, has revolutionized the way economists view the world. But despite this general success, behavioral thinking has fundamentally transformed only one field of applied economics-finance. Peter Diamond and Hannu Vartiainen's Behavioral Economics and Its Applications argues that behavioral economics can have a similar impact in other fields of economics. In this volume, some of the world's leading thinkers in behavioral economics and general economic theory make the case for a much greater use of behavioral ideas in six fields where these ideas have already proved useful but have not yet been fully incorporated--public economics, development, law and economics, health, wage determination, and organizational economics. The result is an attempt to set the agenda of an important development in economics--an agenda that will interest policymakers, sociologists, and psychologists as well as economists. Contributors include Ian Ayres, B. Douglas Bernheim, Truman F. Bewley, Colin F. Camerer, Anne Case, Michael D. Cohen, Peter Diamond, Christoph Engel, Richard G. Frank, Jacob Glazer, Seppo Honkapohja, Christine Jolls, Botond Koszegi, Ulrike Malmendier, Sendhil Mullainathan, Antonio Rangel, Emmanuel Saez, Eldar Shafir, Sir Nicholas Stern, Jean Tirole, Hannu Vartiainen, and Timothy D. Wilson.
Author : Sidney Weintraub
Publisher : University of Pennsylvania Press
ISBN 13 : 1512808652
Total Pages : 600 pages
Book Rating : 4.5/5 (128 download)
Download or read book Modern Economic Thought written by Sidney Weintraub and published by University of Pennsylvania Press. This book was released on 2016-11-11 with total page 600 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a volume in the Penn Press Anniversary Collection. To mark its 125th anniversary in 2015, the University of Pennsylvania Press rereleased more than 1,100 titles from Penn Press's distinguished backlist from 1899-1999 that had fallen out of print. Spanning an entire century, the Anniversary Collection offers peer-reviewed scholarship in a wide range of subject areas.
Author :
Publisher :
ISBN 13 :
Total Pages : 694 pages
Book Rating : 4.:/5 (43 download)
Download or read book The Journal of Finance written by and published by . This book was released on 1974 with total page 694 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : American Statistical Association
Publisher :
ISBN 13 :
Total Pages : 1050 pages
Book Rating : 4.4/5 (91 download)
Download or read book Journal of the American Statistical Association written by American Statistical Association and published by . This book was released on 1976 with total page 1050 pages. Available in PDF, EPUB and Kindle. Book excerpt: A scientific and educational journal not only for professional statisticians but also for economists, business executives, research directors, government officials, university professors, and others who are seriously interested in the application of statistical methods to practical problems, in the development of more useful methods, and in the improvement of basic statistical data.
Author : Peter Nijkamp
Publisher : Springer Science & Business Media
ISBN 13 : 3642775098
Total Pages : 282 pages
Book Rating : 4.6/5 (427 download)
Download or read book Interaction, Evolution and Chaos in Space written by Peter Nijkamp and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 282 pages. Available in PDF, EPUB and Kindle. Book excerpt: For many decades scholars from various disciplines have been intrigued by the question whether there are unifying principles or models that have a validity in different disciplines. The building of such analytical frameworks bridging the gaps between scientific traditions is a very ambitious task and has not been very successful up till now. In the past - in a static context - several such principles have been defined and advocated at the edge of the natural sciences on the one hand and social sciences (in particular, economics and geography) on the other hand, mainly based on the paradigm of 'social physics'. Some important contributions to the integration of the spatial systems sciences and physics can be found in gravity theory and entropy theory, which have formed the comer stones of interaction models in space. This book is about spatial interaction models. It describes the origin, the history and the correspondence of such models from a 'social physics' perspective. It is emphasized that such models need a clear behavioural underpinning as a sine qua non for a valid use in spatial systems analysis. This view also explains the use of micro-based disaggregate choice models as a tool for analyzing spatial systems. This is mainly analyzed in Part A of this book.
