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Author : Marlies Klemisch-Ahlert
Publisher :
ISBN 13 : 9783642468285
Total Pages : 172 pages
Book Rating : 4.4/5 (682 download)
Download or read book Bargaining in Economic and Ethical Environments written by Marlies Klemisch-Ahlert and published by . This book was released on 1996-06-18 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Marlies Klemisch-Ahlert
Publisher : Springer Science & Business Media
ISBN 13 : 3642468276
Total Pages : 163 pages
Book Rating : 4.6/5 (424 download)
Download or read book Bargaining in Economic and Ethical Environments written by Marlies Klemisch-Ahlert and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 163 pages. Available in PDF, EPUB and Kindle. Book excerpt: Two features are combined in this book: the analysis of bargaining experiments and the development of axiomatic bargaining theories. Further, a new type of the latter is derived from observations in the former. The author describes bargaining experiments with different economic and ethical frames as well as developing axiomatic approaches to characterize the corresponding bargaining solutions.
Author : Stephen M. Byars
Publisher :
ISBN 13 : 9781998109418
Total Pages : 0 pages
Book Rating : 4.1/5 (94 download)
Download or read book Business Ethics written by Stephen M. Byars and published by . This book was released on 2023-05-20 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Color print. Business Ethics is designed to meet the scope and sequence requirements of the single-semester business ethics course. This title includes innovative features designed to enhance student learning, including case studies, application scenarios, and links to video interviews with executives, all of which help instill in students a sense of ethical awareness and responsibility.
Author : Michael P. Vogel
Publisher : Springer Science & Business Media
ISBN 13 : 3642585175
Total Pages : 210 pages
Book Rating : 4.6/5 (425 download)
Download or read book Environmental Kuznets Curves written by Michael P. Vogel and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 210 pages. Available in PDF, EPUB and Kindle. Book excerpt: Environmental Kuznets Curves - one of the most controversial issues of current environmental economics - suggest that economic growth may lead to environmental quality improvements. Why and under which circumstances this may be so, are the questions addressed in this book. The approach taken is formal, using techniques of static and dynamic optimisation. In addition, the main assumptions, arguments and conclusions are also presented in a non-formel way.
Author : Harrie de Swart
Publisher : Springer
ISBN 13 : 3540246150
Total Pages : 280 pages
Book Rating : 4.5/5 (42 download)
Download or read book Theory and Applications of Relational Structures as Knowledge Instruments written by Harrie de Swart and published by Springer. This book was released on 2004-01-30 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: Relational structures abound in our daily environment: relational databases, data mining, scaling procedures, preference relations, etc. As the documentation of scientific results achieved within the European COST Action 274, TARSKI, this book advances the understanding of relational structures and the use of relational methods in various application fields. The 12 revised full papers were carefully reviewed and selected for presentations. The papers are devoted to mechanization of relational reasoning, relational scaling and preferences, and algebraic and logical foundations of real world relations.
Author : Wulf Gaertner
Publisher : Springer Science & Business Media
ISBN 13 : 3662028115
Total Pages : 142 pages
Book Rating : 4.6/5 (62 download)
Download or read book Social Choice and Bargaining Perspectives on Distributive Justice written by Wulf Gaertner and published by Springer Science & Business Media. This book was released on 2013-06-29 with total page 142 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is probably fair to say that there does not exist a unique and generally accepted not ion of justice. Even if one confines oneself to economic justice one can still get many answers to the question of how justice - henceforth we shall use the term "distributive justice" should be defined and characterized. This may be disappointing for the outside observer but one can also view this as achallenge, at least as long as one thinks that distributive justice is an issue economics should be concerned with. Many problems of distributive justice can be described as follows: There is a fixed collection of well-defined objects (usually commodi ties) which are quantitatively measurable and perfectly divisible. This collection is to be divided up among a certain number of individuals, the members of society, let 's say. According to which principles or rules should this distribution be carried out? Should people be rewarded according to their ability or according to their needs? Should the distribution be such that nobody envies the bundle of any other member of society? Should the collection of entities be distributed in a way that yields the greatest benefi.
Author : Alan Kirman
Publisher : Springer Science & Business Media
ISBN 13 : 3642564720
Total Pages : 340 pages
Book Rating : 4.6/5 (425 download)
Download or read book Economics with Heterogeneous Interacting Agents written by Alan Kirman and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 340 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book analyses situations in which individual agents, who might be different from each other, interact and produce behaviour on the aggregate level which does not correspond to that of the average actor. This leads to aggregate outcomes which would be impossible to explain in a more standard approach. Aggregation generates structure and, as a result, interaction and heterogeneity can be handled and we no longer have to rely on the over-simplified reduction of the behaviour of the economy to that of a "rational" individual.
Author : Bodo Glaser
Publisher : Springer Science & Business Media
ISBN 13 : 9783540439066
Total Pages : 268 pages
Book Rating : 4.4/5 (39 download)
Download or read book Efficiency versus Sustainability in Dynamic Decision Making written by Bodo Glaser and published by Springer Science & Business Media. This book was released on 2002-07-23 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book develops and analyzes dynamic decision models (DDM) with one trajectoral objective according to the methodology of multi-criteria decision making (MCDM). Moreover, DDMs which concomitantly pursue multiple objectives are analyzed, with special emphasis given to hybrid models with scalar and trajectorial objectives as well as models with multiple trajectorial objectives. Introducing the method of distance maximization crucially augments MCDM and proves to be invaluable for DDMs with nonexistent utopia trajectory or with sustainability as objective. The notions of efficiency and sustainability are formally developed and counterposed by means of the construct of trajectorial objective, which is presented here, along with its implications, as a natural advance upon the classical scalar objective.
Author : Jean-Robert Tyran
Publisher : Springer Science & Business Media
ISBN 13 : 3642468837
Total Pages : 235 pages
Book Rating : 4.6/5 (424 download)
Download or read book Money Illusion and Strategic Complementarity as Causes of Monetary Non-Neutrality written by Jean-Robert Tyran and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 235 pages. Available in PDF, EPUB and Kindle. Book excerpt: In principle, money illusion could explain the inertial adjustment of prices after changes of monetary policy. Hence, money illusion could provide an explanation of monetary non-neutrality. However, this explanation has been thoroughly discredited in modern economics. As a consequence, economists have ever since the 1970s searched for alternative explanations for nominal rigidity. These explanations are all based on the assumption of fully rational economic agents, holding rational expectations. This book argues that money illusion has been prematurely dismissed as an explanation of monetary non-neutrality. Methods of experimental economics are used to investigate the real aggregate effects of money illusion. It is shown that money illusion in fact causes (short-run) real income effects if strategic complementarity prevails. Strategic complementarity is an important characteristic of naturally occurring macroeconomies and is a recurrent theme in most models explaining nominal rigidity.
Author : Stefan Spinler
Publisher : Springer Science & Business Media
ISBN 13 : 3642190065
Total Pages : 151 pages
Book Rating : 4.6/5 (421 download)
Download or read book Capacity Reservation for Capital-intensive Technologies written by Stefan Spinler and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 151 pages. Available in PDF, EPUB and Kindle. Book excerpt: Arguably the central problem in operations research and management science (OR/MS) addressed by e-Business is better coordination of supply and de mand, including price discovery and reduction of transactions costs of buyer seller interactions. In capital-intensive industries like chemicals and steel, the out-of-pocket costs of excess capacity and the opportunity costs of underuti lized capacity have been important factors driving the growth of exchanges for improving demand and supply coordination through e-Business platforms. Stefan Spinler addresses in his dissertation one of the most interesting aspects of this evolution for OR/MS, the parallel development of long-term and short-term markets for capacity and output, accompanied by a range of exotic options and forwards as the basic mechanisms supporting transac tions. This is a fascinating research topic because it builds on the powerful framework of real options, while connecting directly to key operations deci sions (capacity planning, staffing, maintenance, and so forth) of the plants and technologies whose output is the focus of contracts. From the perspec tive of practice, the use of these contracting mechanisms, as facilitated by a new breed of B2B exchanges, represents an opportunity for further improving supply chain performance and capital asset productivity.
Author : Ulrich Schwalbe
Publisher : Springer Science & Business Media
ISBN 13 : 3642584772
Total Pages : 151 pages
Book Rating : 4.6/5 (425 download)
Download or read book The Core of Economies with Asymmetric Information written by Ulrich Schwalbe and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 151 pages. Available in PDF, EPUB and Kindle. Book excerpt: and should therefore constitute a part of every area of economic 3 theory. The spectrum covered by information economics today ranges from Stigler's search theory4 to industrial economics, including oligopoly theory, innovation, as well as research and develop 5 ment. However, the area information economics is most closely connected with is the theory of optimal contracts, mainly ana 6 lyzed in principal-agent models. Contract theory deals primar ily with the question of how optimal arrangements (contracts) for the purchase and sale of commodities and services between two or more agents should be structured. In these models, it is often assumed that the parties to the contract are informed differently or asymmetrically about relevant variables (e. g. the health of one party in the case of insurance contracts, or the effort in relation to employment contracts). As a result of this asymmetric in formation, phenomena such as moral hazard, adverse selection, signaling, and screening may arise. Frequently, results from con tract theory are referred to when making statements about the effects of asymmetric information on an economy. Models of this kind are often used to explain phenomena such as fixed wages or unemployment, among others. 7 However, such conclusions must be treated with caution for two reasons. In the first place, in these models, a contract (explicit or implicit) is determined by the solution of an optimization prob lem.
Author : Roland Demmel
Publisher : Springer Science & Business Media
ISBN 13 : 3642585957
Total Pages : 284 pages
Book Rating : 4.6/5 (425 download)
Download or read book Fiscal Policy, Public Debt and the Term Structure of Interest Rates written by Roland Demmel and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: The introduction of the thesis consists of four parts: first, we motivate our chosen macroeconomic setting by looking at some real world phenomena. For a better understanding of these phenomena, we argue that the mutual dynamic interactions between flScal policy and financial markets need to be closely examined in a macroeconomic framework. Second, we review different strands of the economic literature in order to show that most of the literature has so far exclusively concentrated either on fmancial market dynamics or on flScal policy issues. We conclude that a more integrated model setting is called for in order to explain the dynamic interactions observed in reality. Third, we discuss at length the economic assumptions underlying our model. This avoids multiple repetition later on. Finally, we outline the structure of the thesis and the objectives we pursue in the different chapters. 1. 1 Motivation Fiscal policy and financial market reactions are increasingly receiving world wide attention. The most recent examples are the Maastricht criteria about flScal control, the South-East Asia financial crisis and the resulting IMF policy stance, the high level of public debt in developed and developing countries and the effect on interest rates and economic growth. In contrast to the still underdeveloped theoretical literature on these dynamic links, finding empirical evidence that supports the existence of these links is not a very hard task.
Author : Leo Kaas
Publisher : Springer Science & Business Media
ISBN 13 : 3642584799
Total Pages : 166 pages
Book Rating : 4.6/5 (425 download)
Download or read book Dynamic Macroeconomics with Imperfect Competition written by Leo Kaas and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 166 pages. Available in PDF, EPUB and Kindle. Book excerpt: This thesis was stimulated throughout the time of my participation in a research project on Dynamic Macroeconomics, supported by the German Research Foundation (DFG). The starting point was the central question of how to integrate price setting firms in a dynamic disequilibrium model. Almost all recent literature on imperfect competition in macroeconomics applies the objective demand approach by assuming that firms know the true demand curve they are faced with. While this approach can be ap plied in temporary monetary equilibrium models, it proves inadequate for formulating price adjustment in a dynamic disequilibrium model, where it has to be replaced by the concept of subjective demand. Based on this distinction, the thesis starts out with a comparison of the concepts of subjective and objective demand in an abstract framework and surveys the literature on general equilibrium theory with imperfect competition. The objective demand approach is criticized not only on the grounds of its strong rationality requirements and existence problems, but also by the observation that it cannot be applied successfully to characterize determinate rational expectations equilibria in intertemporal macroeco nomics. Finally, price setting firms using subjective demand functions are integrated in a dynamic disequilibrium model in order to study mo nopolistic and oligopolistic price adjustment.
Author : Sönke Hartmann
Publisher : Springer Science & Business Media
ISBN 13 : 3642586279
Total Pages : 223 pages
Book Rating : 4.6/5 (425 download)
Download or read book Project Scheduling under Limited Resources written by Sönke Hartmann and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 223 pages. Available in PDF, EPUB and Kindle. Book excerpt: Approaches to project scheduling under resource constraints are discussed in this book. After an overview of different models, it deals with exact and heuristic scheduling algorithms. The focus is on the development of new algorithms. Computational experiments demonstrate the efficiency of the new heuristics. Finally, it is shown how the models and methods discussed here can be applied to projects in research and development as well as market research.
Author : Ulrich Schmidt
Publisher : Springer Science & Business Media
ISBN 13 : 3642588778
Total Pages : 216 pages
Book Rating : 4.6/5 (425 download)
Download or read book Axiomatic Utility Theory under Risk written by Ulrich Schmidt and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first attempts to develop a utility theory for choice situations under risk were undertaken by Cramer (1728) and Bernoulli (1738). Considering the famous St. Petersburg Paradox! - a lottery with an infinite expected monetary value -Bernoulli (1738, p. 209) observed that most people would not spend a significant amount of money to engage in that gamble. To account for this observation, Bernoulli (1738, pp. 199-201) proposed that the expected monetary value has to be replaced by the expected utility ("moral expectation") as the relevant criterion for decision making under risk. However, Bernoulli's 2 argument and particularly his choice of a logarithmic utility function seem to be rather arbitrary since they are based entirely on intuitively 3 appealing examples. Not until two centuries later, did von Neumann and Morgenstern (1947) prove that if the preferences of the decision maker satisfy cer tain assumptions they can be represented by the expected value of a real-valued utility function defined on the set of consequences. Despite the identical mathematical form of expected utility, the theory of von Neumann and Morgenstern and Bernoulli's approach have, however, IFor comprehensive discussions of this paradox cf. Menger (1934), Samuelson (1960), (1977), Shapley (1977a), Aumann (1977), Jorland (1987), and Zabell (1987). 2Cramer (1728, p. 212), on the other hand, proposed that the utility of an amount of money is given by the square root of this amount.
Author : Ludwig von Auer
Publisher : Springer Science & Business Media
ISBN 13 : 3642588794
Total Pages : 227 pages
Book Rating : 4.6/5 (425 download)
Download or read book Dynamic Preferences, Choice Mechanisms, and Welfare written by Ludwig von Auer and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 227 pages. Available in PDF, EPUB and Kindle. Book excerpt: For most economic aspects of human behaviour, static deci sion models provide an insufficient description. More specifically, they ignore the fact that preferences may change over time and that at each point of time current preferences depend on aspects which are associated with the past or the future. The neglect of these phenomena may lead to results which have little in com mon with real life. Dynamic decision models were developed in order to cope with these complications. Spurred by the availability of new mathematical tools such as optimal control theory and dynamic programming, dynamic utility models mushroomed over the last two decades. Various frameworks were developed featuring dif ferent restrictions on the way agents form preferences in an in tertemporal environment. Unfortunately, no systematic reappraisal of this literature ex ists. The survey provided in part I of this thesis attempts to fill in this gap. It introduces a comprehensive classification sys tem which allows for a coherent organization of all studies of intertemporal choice under certainty and complete information. 2 1. Introduction The latter implies that the individual knows in advance all fu ture preferences and choice possibilities. In this survey we show that all dynamic utility models can be viewed as special cases of the class of universal utility mod els. It is therefore desirable to investigate intertemporal decision making in terms of this least restrictive framework. Accordingly, all findings of part II of this thesis are derived for the class of universal utility models.
Author : Pierre-Yves Moix
Publisher : Springer Science & Business Media
ISBN 13 : 364256481X
Total Pages : 281 pages
Book Rating : 4.6/5 (425 download)
Download or read book The Measurement of Market Risk written by Pierre-Yves Moix and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 281 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a revised version of my doctoral dissertation submitted to the University of St. Gallen in October 1999. I would like to thank Dr. oec. Marc Wildi whose careful reading of much of the text led to many improvements. All errors remain mine. Pfiiffikon SZ, Switzerland, March 2001 Pierre-Yves Moix Preface to the dissertation "Education is man's going forward from cocksure ignorance to thoughtful uncertainty" Don Clark's Scrapbook quoted in Wonnacott and Wonnacott (1990). After several years of banking practice, I decided to give up some of my certitudes and considered this thesis project a good opportunity to study some of the quantitative tools necessary for the modelling of uncertainty. lowe very much to Prof. Dr. Karl Frauendorfer, the referee of my thesis, for the time he took to read the manuscript and for the numerous valuable suggestions he made. I am also very grateful to Prof. Dr. Klaus Spremann who kindly accepted to co-refer my thesis and who strengthened my inter est in finance during my study period. During my time at the Institute for Operations Research of the University of St. Gallen (lfU-HSG) I had the opportunity to participate in the project "RiskLab" which provides a very profitable link between finance practice and academics. I would especially like to thank Dr. Christophe Rouvinez from Credit Suisse for his comments and all the data he provided so generously.
