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Independence, Additivity, Uncertainty
ISBN: 9783540416838 / Angielski / Twarda / 277 str. Termin realizacji zamówienia: ok. 5-8 dni roboczych. The work on this book started many years ago as an attempt to simplify and unify some results usually taught in courses in mathematical economics. The economic interpretation of the re- sults were representations of preferences as sums or integrals and the decomposition of preferences into utilities and probabilities. It later turned out that t.he approach taken in the earlier versions were also the proper approach in generalizing from preferences which were total preorders to preferences which were not total or tran- sitive. The same mathematics would even in that situation give...
The work on this book started many years ago as an attempt to simplify and unify some results usually taught in courses in mathematical economics. The...
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402,53 |
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Economics Essays: A Festschrift for Werner Hildenbrand
ISBN: 9783540418825 / Angielski / Twarda / 364 str. Termin realizacji zamówienia: ok. 5-8 dni roboczych. Back in the good old days on the fourth floor of the Altbau of Bonn's Ju ridicum, Werner Hildenbrand put an end to a debate about a festschrift in honor of an economist on the occasion of his turning 60 with a laconic: "Much too early." Remembering his position five years ago, we did not dare to think about one for him. But now he has turned 65. If consulted, he would most likely still answer: "Much too early." However, he has to take his official re tirement, and we believe that this is the right moment for such an endeavor. No doubt Werner Hildenbrand will not really retire. As professor...
Back in the good old days on the fourth floor of the Altbau of Bonn's Ju ridicum, Werner Hildenbrand put an end to a debate about a festschrift in hon...
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402,53 |
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Economics with Heterogeneous Interacting Agents
ISBN: 9783540422099 / Angielski / Miękka / 346 str. Termin realizacji zamówienia: ok. 5-8 dni roboczych. 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.
This book analyses situations in which individual agents, who might be different from each other, interact and produce behaviour on the aggregate leve...
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402,53 |
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Frontiers in Economics
ISBN: 9783540432548 / Angielski / Twarda / 477 str. Termin realizacji zamówienia: ok. 5-8 dni roboczych. Economic Theory, academic policy analysis and public policy design are becoming more interdependent. Hence, the demands for close interactions between the policy community and the research community have been rising significantly. This book assesses how recent economic thinking has advanced under these influences. Furthermore, it evaluates the important contribution economics can add to the design and evaluation of public policy, now more than ever before. The study is of interest to policy makers, policy analysts, researchers and students of economics at all levels. The authors, which...
Economic Theory, academic policy analysis and public policy design are becoming more interdependent. Hence, the demands for close interactions between...
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402,53 |
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Cooperative Decision Making in Common Pool Situations
ISBN: 9783540432951 / Angielski / Miękka / 210 str. Termin realizacji zamówienia: ok. 5-8 dni roboczych. The monograph gives a theoretical explanation of observed cooperative behavior in common pool situations. The incentives for cooperative decision making are investigated by means of a cooperative game theoretical framework. In a first step core existence results are worked out. Whereas general core existence results provide us with an answer for mutual cooperation, nothing can be said how strong these incentives and how stable these cooperative agreements are. To clarify these questions the convexity property for common pool TU-games in scrutinized in a second step. It is proved that the...
The monograph gives a theoretical explanation of observed cooperative behavior in common pool situations. The incentives for cooperative decision maki...
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201,24 |
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Equilibrium, Markets and Dynamics: Essays in Honour of Claus Weddepohl
ISBN: 9783540434702 / Angielski / Twarda / 344 str. Termin realizacji zamówienia: ok. 5-8 dni roboczych. This book contains essays in honour of Claus Weddepohl who, after 22 years, is retiring as professor of mathematical economics at the Department of Quantitative Economics of the University of Amsterdam. Claus Weddepohl may be viewed as th first Dutch mathematical economist in the general equi librium tradition of Arrow, Debreu and Hahn. The essays in this book are centered around the themes Equilibrium, Markets and Dynamics, that have been at the heart of Weddepohl's work on mathematical economics for more than three decades. The essays have been classified according to these three themes....
This book contains essays in honour of Claus Weddepohl who, after 22 years, is retiring as professor of mathematical economics at the Department of Qu...
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402,53 |
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Binary Functions and their Applications
ISBN: 9783540528128 / Angielski / Miękka / 156 str. Termin realizacji zamówienia: ok. 5-8 dni roboczych. In this book binary functions and their representation by implicants or implicates are described. In particular minimal representations by prime implicants or prime implicates are given. Such representations generalize the minimal representations of the usual Boolean functions. It is shown that implicants (implicates) of discrete functions may be constructed with the help of implicants (implicates) of binary functions. One substantial application is the description of the reliability structure of technical systems, another is the use of binary respectively discrete functions to classify...
In this book binary functions and their representation by implicants or implicates are described. In particular minimal representations by prime impli...
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201,24 |
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The Theory of Ethical Economy in the Historical School: Wilhelm Roscher, Lorenz Von Stein, Gustav Schmoller, Wilhelm Dilthey and Contemporary Theory
ISBN: 9783540590705 / Angielski / Twarda / 343 str. Termin realizacji zamówienia: ok. 5-8 dni roboczych. The Historical School of Economics develops a historical theory of the economy and of business ethics. It investigates the ethical and cultural determinants of economic behaviour and economic institutions and forms an ethical and cultural theory of economics and business and the origin what, in the present, is called "institutional economics." Being one of the first comprehensive studies in the English language of the German "Historical and Ethical School of Economics," the book presents the theory from Wilhelm Roscher to Gustav Schmoller, the foundations of historism and the humanities of...
The Historical School of Economics develops a historical theory of the economy and of business ethics. It investigates the ethical and cultural determ...
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805,10 |
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Rings in Auctions: An Experimental Approach
ISBN: 9783540619307 / Angielski / Miękka / 174 str. Termin realizacji zamówienia: ok. 5-8 dni roboczych. In auctions, bidders compete with one another in their attempt to 1 purchase the goods that are up for sale But buyer competition may be reduced or disappear when a ring of colluding bidders is present. The purpose of the participants to a ring is to eliminate buyer competition and to realize a gain over vendors. When all participants are members of the ring, this is done by purchasing the item at the reserve price and splitting the spoils (the difference between the item market value and the reserve price) among the participants. "The term ring apparently derives from the fact that in a...
In auctions, bidders compete with one another in their attempt to 1 purchase the goods that are up for sale But buyer competition may be reduced or di...
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201,24 |
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Kosten-Nutzen-Analyse Und Ökonomische Politikbewertung 1: Wohlfahrtsmessung Und Betriebswirtschaftliche Investitionskriterien
ISBN: 9783540635062 / Angielski / Miękka / 340 str. Termin realizacji zamówienia: ok. 5-8 dni roboczych. Die Kosten-Nutzen-Analyse ist das wichtigste wirtschaftstheoretisch gestA1/4tzte Instrument zur Bewertung Affentlicher Investitionsprojekte und der Folgen staatlicher Wirtschaftspolitik. In dem vorliegenden ersten Band werden zunAchst operationale WohlfahrtsmaAe aus der WohlfahrtsAkonomik hergeleitet und anschlieAend Verfahrenstechniken praktischer Projektbewertung im Rahmen eines DurchfA1/4hrbarkeitsstudien-Konzepts dargestellt.
Die Kosten-Nutzen-Analyse ist das wichtigste wirtschaftstheoretisch gestA1/4tzte Instrument zur Bewertung Affentlicher Investitionsprojekte und der Fo...
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112,84 |
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Axiomatic Utility Theory under Risk: Non-Archimedean Representations and Application to Insurance Economics
ISBN: 9783540643197 / Angielski / Miękka / 228 str. Termin realizacji zamówienia: ok. 5-8 dni roboczych. 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,...
The first attempts to develop a utility theory for choice situations under risk were undertaken by Cramer (1728) and Bernoulli (1738). Considering the...
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201,24 |
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Dynamic Preferences, Choice Mechanisms, and Welfare
ISBN: 9783540643203 / Angielski / Miękka / 228 str. Termin realizacji zamówienia: ok. 5-8 dni roboczych. 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...
For most economic aspects of human behaviour, static deci sion models provide an insufficient description. More specifically, they ignore the fact tha...
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201,24 |
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Non-Linear Dynamics and Endogenous Cycles
ISBN: 9783540643210 / Angielski / Miękka / 206 str. Termin realizacji zamówienia: ok. 5-8 dni roboczych. Considerable work has been done on chaotic dynamics in the field of economic growth and dynamic macroeconomic models during the last two decades. This book considers numerous new developments: introduction of infrastructure in growth models, heterogeneity of agents, hysteresis systems, overlapping models with "pay-as-you-go" systems, keynesian approaches with finance considerations, interactions between relaxation cycles and chaotic dynamics, methodological issues, long memory processes and fractals... A volume of contributions which shows the relevance and fruitfulness of non-linear analysis...
Considerable work has been done on chaotic dynamics in the field of economic growth and dynamic macroeconomic models during the last two decades. This...
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201,24 |
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The Alternating Double Auction Market: A Game Theoretic and Experimental Investigation
ISBN: 9783540648956 / Angielski / Miękka / 350 str. Termin realizacji zamówienia: ok. 5-8 dni roboczych. The alternating double auction market institution is presented as a discrete time version of the open outcry market. The game in extensive form is analyzed in an almost perfect information setting, using the concept of subgame perfectness. By applying two new equilibrium selection criteria, a general existence result is obtained for "impatience equilibria" of the game. All such equilibria are shown to have unique properties concerning the traded quantities and prices. The most important results are that the equilibrium prices are independent of the number of traders and are always very close...
The alternating double auction market institution is presented as a discrete time version of the open outcry market. The game in extensive form is ana...
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402,53 |
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Current Trends in Economics: Theory and Applications
ISBN: 9783540653837 / Angielski / Twarda / 546 str. Termin realizacji zamówienia: ok. 5-8 dni roboczych. In 1990, the Society for the Advancement of Economic Theory (SAET) was founded with the main purpose to advance our knowledge in theoretical economics and to facilitate communication among researchers in economics, mathematics, game theory and any other field which is po- tentially useful to economic theory. To achieve these goals, SAET sponsors the research journal Economic Theory published by Springer-Verlag and holds international conferences every other year. The first two conferences SAET took place in the island of Cephalonia, Greece, in the summers of of 1993 and 1995. In the summer of...
In 1990, the Society for the Advancement of Economic Theory (SAET) was founded with the main purpose to advance our knowledge in theoretical economics...
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603,81 |
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Adaptive Learning by Genetic Algorithms: Analytical Results and Applications to Economic Models
ISBN: 9783540656074 / Angielski / Twarda / 200 str. Termin realizacji zamówienia: ok. 5-8 dni roboczych. This book deals with the learning behavior of boundedly rational agents in economic systems. In particular, the modeling of learning populations by genetic algorithms is studied in detail. After an extensive review and discussion of the existing literature in the first part, a mathematical analysis of the dynamic properties of genetic algorithm learning in the general framework of systems with a state dependent fitness function is provided. It is shown that co-evolutionary economic models typically fall into this class and the usefulness of the analytical results derived is illustrated in...
This book deals with the learning behavior of boundedly rational agents in economic systems. In particular, the modeling of learning populations by ge...
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402,53 |
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The Core of Economies with Asymmetric Information
ISBN: 9783540660286 / Angielski / Miękka / 147 str. Termin realizacji zamówienia: ok. 5-8 dni roboczych. 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...
and should therefore constitute a part of every area of economic 3 theory. The spectrum covered by information economics today ranges from Stigler's s...
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201,24 |
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Mathematical Methods for Economic Theory 2
ISBN: 9783540662426 / Angielski / Twarda / 339 str. Termin realizacji zamówienia: ok. 5-8 dni roboczych. This is the second of a two-volume work intended to function as a textbook well as a reference work for economic for graduate students in economics, as scholars who are either working in theory, or who have a strong interest in economic theory. While it is not necessary that a student read the first volume before tackling this one, it may make things easier to have done so. In any case, the student undertaking a serious study of this volume should be familiar with the theories of continuity, convergence and convexity in Euclidean space, and have had a fairly sophisticated semester's work in...
This is the second of a two-volume work intended to function as a textbook well as a reference work for economic for graduate students in economics, a...
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201,24 |
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A Theory of International Trade: Capital, Knowledge, and Economic Structures
ISBN: 9783540669173 / Angielski / Miękka / 192 str. Termin realizacji zamówienia: ok. 5-8 dni roboczych. This book is concerned with dynamic relations between international division of labor, division of consumption and determination of prices structure within a perfectly competitive framework in global economy. Our analytical framework examines the issues related to trade which are raised in the traditional trade theories. It also provides insights into the issues related to interdependence between knowledge creation and utilization and international trade examined by the new trade theory. The comparative advantage of our theory is that in providing rich insights into the complex of...
This book is concerned with dynamic relations between international division of labor, division of consumption and determination of prices structure w...
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201,24 |
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Mainstream Mathematical Economics in the 20th Century
ISBN: 9783540670841 / Angielski / Twarda / 521 str. Termin realizacji zamówienia: ok. 5-8 dni roboczych. To write everything about nothing, or to write nothing about everything: this is the problem. (Anonym, circa 1996-97) The first idea to write a book on M athematical Economics, more or less ordered in a historical sequence, occurred to me in 1995, when I was asked, by Istituto delta Enciclopedia Italiana, to write the entry "Storia dell'economia 1 2 matematica," for the collective work "Storia deI XX Secolo." I thought that it would be interesting to elaborate on the text presented to the editors, to turn it into a book aiming at giving a panorama of what, in my opinion, are the main 20th...
To write everything about nothing, or to write nothing about everything: this is the problem. (Anonym, circa 1996-97) The first idea to write a book o...
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cena:
603,81 |
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