Applied Economic Analysis Of Information And Risk

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Applied Economic Analysis of Information and Risk

Author : Moriki Hosoe,Iltae Kim
Publisher : Springer Nature
Page : 201 pages
File Size : 41,7 Mb
Release : 2020-03-25
Category : Business & Economics
ISBN : 9789811533006

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Applied Economic Analysis of Information and Risk by Moriki Hosoe,Iltae Kim Pdf

This book examines interesting new topics in applied economics from the perspectives of the economics of information and risk, two fields of economics that address the consequences of asymmetric information, environmental risk and uncertainty for the nature and efficiency of interactions between individuals and organizations. In the economics of information, the essential task is to examine the condition of asymmetric information under which the information gap is exploited. For the economics of risk, it is important to investigate types of behavior including risk aversion, risk sharing, and risk prevention, and to reexamine the classical expected utility approach and the relationships among several types of the changes in risk. Few books have ever analyzed topics in applied economics with regard to information and risk. This book provides a comprehensive collection of applied analyses, while also revisiting certain basic concepts in the economics of information and risk. The book consists of two parts. In Part I, several aspects of applied economics are investigated, including public policy, labor economics, and political economics, from the standpoint of the economics of (asymmetric) information. First, several basic frameworks of the incentive mechanism with regard to transaction-specific investment are assessed, then various tools for market design and organization design are explored. In Part II, mathematical measures of risk and risk aversion are examined in more detail, and readers are introduced to stochastic selection rules governing choice behavior under uncertainty. Several types of change in the random variable for the cumulative distribution function (CDF) and probability distribution function (PDF) are discussed. In closing, the part investigates the comparative static results of these changes in CDF or PDF on the general decision model, incorporating uncertain situations in applied economics.

Risk Analysis in Theory and Practice

Author : Jean-Paul Chavas
Publisher : Elsevier
Page : 258 pages
File Size : 42,6 Mb
Release : 2004-06-04
Category : Business & Economics
ISBN : 9780121706210

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Risk Analysis in Theory and Practice by Jean-Paul Chavas Pdf

The objective of Risk Analysis in Theory and Practice is to present this analytical framework and to illustrate how it can be used in the investigation of economic decisions under risk. In a sense, the economics of risk is a difficult subject: it involves understanding human decisions in the absence of perfect information. How do we make decisions when we do not know some of events affecting us? The complexities of our uncertain world and of how humans obtain and process information make this difficult. In spite of these difficulties, much progress has been made. First, probability theory is the corner stone of risk assessment. This allows us to measure risk in a fashion that can be communicated among decision makers or researchers. Second, risk preferences are now better understood. This provides useful insights into the economic rationality of decision making under uncertainty. Third, over the last decades, good insights have been developed about the value of information. This helps better understand the role of information in human decision making and this book provides a systematic treatment of these issues in the context of both private and public decisions under uncertainty. Balanced treatment of conceptual models and applied analysis Considers both private and public decisions under uncertainty Website presents application exercises in Excel

Uncertainty, Risk and Information

Author : Giacomo Bonanno
Publisher : Unknown
Page : 416 pages
File Size : 47,9 Mb
Release : 2019-12-12
Category : Electronic
ISBN : 1708284818

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Uncertainty, Risk and Information by Giacomo Bonanno Pdf

This textbook incorporates the author's previous book "The Economics of Uncertainty and Insurance" and extends it with the addition of several new chapters on risk sharing, asymmetric information, adverse selection, signaling and moral hazard. It provides a comprehensive introduction to the analysis of economic decisions under uncertainty and to the role of asymmetric information in contractual relationships. It is richly illustrated with 150 figures. It is suitable for both self-study and as the basis for an upper-division undergraduate course. The book is written to be accessible to anyone with minimum knowledge of calculus, in particular the ability to calculate the (partial) derivative of a function of one or two variables. The book contains a total of 150 fully solved exercises.

Applied Economic Analysis for Technologists, Engineers, and Managers

Author : Michael S. Bowman
Publisher : Pearson
Page : 632 pages
File Size : 50,5 Mb
Release : 2003
Category : Business & Economics
ISBN : STANFORD:36105111993973

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Applied Economic Analysis for Technologists, Engineers, and Managers by Michael S. Bowman Pdf

This book provides a practical approach to making integrated financial decisions in contemporary organizations. While mathematics is used throughout, it focuses on the application of the math techniques used in real-world settings. Examples, Questions, Problems, and Discussion Cases balance quantitative analysis, team based decisions, technical factors, and qualitative information. A four-part organization covers financial concepts, financial analysis and time value of money, financial decision making, and continuous financial improvement. For those working in design, process and manufacturing engineering, purchasing, and financial analysis in both manufacturing and service organizations; for members of financial improvement teams; and for technical and senior managers.

Advances in Panel Data Analysis in Applied Economic Research

Author : Nicholas Tsounis,Aspasia Vlachvei
Publisher : Springer
Page : 705 pages
File Size : 45,5 Mb
Release : 2018-04-17
Category : Business & Economics
ISBN : 9783319700557

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Advances in Panel Data Analysis in Applied Economic Research by Nicholas Tsounis,Aspasia Vlachvei Pdf

This proceedings volume presents new methods and applications in applied economic research with an emphasis on advances in panel data analysis. Featuring papers presented at the 2017 International Conference on Applied Economics (ICOAE) held at Coventry University, this volume provides current research on econometric panel data methodologies as they are applied in microeconomics, macroeconomics, financial economics and agricultural economics. International Conference on Applied Economics (ICOAE) is an annual conference that started in 2008 designed to bring together economists from different fields of applied economic research in order to share methods and ideas. Applied economics is a rapidly growing field of economics that combines economic theory with econometrics to analyse economic problems of the real world usually with economic policy interest. In addition, there is growing interest in the field for panel data estimation methods, tests and techniques. This volume makes a contribution in the field of applied economic research in this area. Featuring country specific studies, this book will be of interest to academics, students, researchers, practitioners, and policy makers in applied economics and economic policy.

Economic Analysis of Investment Operations

Author : Pedro Belli
Publisher : World Bank Publications
Page : 294 pages
File Size : 44,6 Mb
Release : 2001-01-01
Category : Business & Economics
ISBN : 0821348507

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Economic Analysis of Investment Operations by Pedro Belli Pdf

This books presents general principles and methodologies of quantitative risk analysis; provides theory and practice of how to evaluate health, transport and education projects and describes how to assess the environmental impact of projects. It looks at how the tools of cost benefit analysis can be applied from the point of view of the private sector, public sector, bankers, and the country as a whole. It encourages analysts to answer a number of key questions that are likely to increase success rather than simply describing techniques. This book as aimed at all concerned with resource allocation and is presented in an accessible fashion. It is required reading at World bank Institute courses.

Investment Project Design

Author : Lech Kurowski,David Sussman
Publisher : John Wiley & Sons
Page : 480 pages
File Size : 43,5 Mb
Release : 2011-03-01
Category : Business & Economics
ISBN : 9781118015155

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Investment Project Design by Lech Kurowski,David Sussman Pdf

Make more informed project investment decisions by knowing what issues to examine in the planning process and how to analyze their impacts Poor or insufficient planning is primarily responsible for the inordinate number of idle and rusting capital facilities around the world, with investment decisions often made on the basis of either intuition or inadequate analysis. Investment Project Design: A Guide to Financial and Economic Analysis with Constraints alerts potential investors and other stakeholders to precipitous changes in the investment milieu as a result of constraints on resources and infrastructure, economic and political turmoil, and population growth. The guide Includes descriptions of specific methods of financial and economic analysis for new investments and for expansion of an existing enterprise Covers project risk assessment, mitigation and avoidance Provides real-life case studies, adapted for presentation, and addresses the design of projects large and small, as well as those in both private and public sectors Features spreadsheet layouts and computations Investment Project Design is the ultimate resource in the methods of designing and appraising investment projects

Advances in Time Series Data Methods in Applied Economic Research

Author : Nicholas Tsounis,Aspasia Vlachvei
Publisher : Springer
Page : 560 pages
File Size : 46,8 Mb
Release : 2018-12-12
Category : Business & Economics
ISBN : 9783030021948

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Advances in Time Series Data Methods in Applied Economic Research by Nicholas Tsounis,Aspasia Vlachvei Pdf

This conference proceedings volume presents advanced methods in time series estimation models that are applicable various areas of applied economic research such as international economics, macroeconomics, microeconomics, finance economics and agricultural economics. Featuring contributions presented at the 2018 International Conference on Applied Economics (ICOAE) held in Warsaw, Poland, this book presents contemporary research using applied econometric method for analysis as well as country specific studies with potential implications on economic policy. Applied economics is a rapidly growing field of economics that combines economic theory with econometrics to analyse economic problems of the real world usually with economic policy interest. ICOAE is an annual conference started in 2008 with the aim to bring together economists from different fields of applied economic research in order to share methods and ideas. Approximately 150 papers are submitted each year from about 40 countries around the world. The goal of the conference and the enclosed papers is to allow for an exchange of experiences with different applied econometric methods and to promote joint initiatives among well-established economic fields such as finance, agricultural economics, health economics, education economics, international trade theory and management and marketing strategies. Featuring global contributions, this book will be of interest to researchers, academics, professionals and policy makers in the field of applied economics and econometrics.

Advances in Applied Economic Research

Author : Nicholas Tsounis,Aspasia Vlachvei
Publisher : Springer
Page : 888 pages
File Size : 42,9 Mb
Release : 2017-06-07
Category : Business & Economics
ISBN : 9783319484549

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Advances in Applied Economic Research by Nicholas Tsounis,Aspasia Vlachvei Pdf

This proceedings volume aims to provide new research methods, theories and applications from various areas of applied economic research. Featuring papers from the 2016 International Conference on Applied Economics (ICOAE) organized by the University of Nicosia and the Western Macedonia University of Applied Sciences, this volume presents cutting edge research from all areas of economic science that use applied econometrics as the method of analysis. It also features country specific studies with specific economic policy analyses and proposals. Applied economics is a rapidly growing field of economics that combines economic theory with econometrics to analyse economic problems of the real world usually with economic policy interest. ICOAE is an annual conference started in 2008 with the aim to bring together economists from different fields of applied economic research in order to share methods and ideas. The goal of the conference and the enclosed papers is to allow for an exchange of experiences with different applied econometric methods and to promote joint initiatives among well-established fields likemacro- and microeconomics, international economics, finance, agricultural economics, health economics, education economics, international trade theory and management and marketing strategies. Featuring global contributions, this book will be of interest to researchers, academics, professionals and policy makers in the field of applied economics and econometrics.

Advances in Cross-Section Data Methods in Applied Economic Research

Author : Nicholas Tsounis,Aspasia Vlachvei
Publisher : Springer Nature
Page : 720 pages
File Size : 43,7 Mb
Release : 2020-02-24
Category : Business & Economics
ISBN : 9783030382537

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Advances in Cross-Section Data Methods in Applied Economic Research by Nicholas Tsounis,Aspasia Vlachvei Pdf

This proceedings volume presents new methods and applications in applied economics with special interest in advanced cross-section data estimation methodology. Featuring select contributions from the 2019 International Conference on Applied Economics (ICOAE 2019) held in Milan, Italy, this book explores areas such as applied macroeconomics, applied microeconomics, applied financial economics, applied international economics, applied agricultural economics, applied marketing and applied managerial economics. International Conference on Applied Economics (ICOAE) is an annual conference that started in 2008, designed to bring together economists from different fields of applied economic research, in order to share methods and ideas. Applied economics is a rapidly growing field of economics that combines economic theory with econometrics, to analyze economic problems of the real world, usually with economic policy interest. In addition, there is growing interest in the field of applied economics for cross-section data estimation methods, tests and techniques. This volume makes a contribution in the field of applied economic research by presenting the most current research. Featuring country specific studies, this book is of interest to academics, students, researchers, practitioners, and policy makers in applied economics, econometrics and economic policy.

Applied Decision Analysis and Economic Behaviour

Author : Andrew Hughes Hallett
Publisher : Springer
Page : 380 pages
File Size : 46,7 Mb
Release : 1984-09-30
Category : Business & Economics
ISBN : UCAL:B4245622

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Applied Decision Analysis and Economic Behaviour by Andrew Hughes Hallett Pdf

The optimisation of economic systems over time, and in an uncertain environment, is central to the study of economic behaviour. The behaviour of rational decision makers, whether they are market agents, firms, or governments and their agencies, is governed by decisions designed to seeure the best outcomes subject to the perceived information and economic responses (inlcuding those of other agents). Economic behaviour has therefore to be analysed in terms of the outcomes of a multiperiod stochastic optimisation process containing four main components: the economic responses (the dynamic constraints, represented by an economic model); the objec tive function (the goals and their priorities); the conditioning information (expected exogenous events and the expected future state of the economy); and risk manage ment (how uncertainties are accommodated). The papers presented in this book all analyse some aspect of economic behaviour related to the objectives, information, or risk components of the decision process. While the construction of economic models obviously also has a vital role to play, that component has received much greater (or almost exclusive) attention elsewhere. These papers examine optimising behaviour in a wide range of economic problems, both theoretical and applied. They reflect a variety of concerns: economic responses under rational expectations; the Lucas critique and optimal fiscal or monetary poli eies; market management; partly endogenous goals; evaluating government reactions; locational decisions; uncertainty and information structures; and forecasting with endogenous reactions.

Empirical Studies in Applied Economics

Author : Jeffrey A. Dubin
Publisher : Springer Science & Business Media
Page : 240 pages
File Size : 53,6 Mb
Release : 2001-07-31
Category : Business & Economics
ISBN : 0792373952

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Empirical Studies in Applied Economics by Jeffrey A. Dubin Pdf

Dubin (economics, California Institute of Technology) presents nine previously unpublished studies in applied economics. Themes range widely. They include the demand for NFL football, the valuation of a technology patent, a statistical analysis of the additive and multiplicative hypotheses of multiple exposure synergy for cohort and case-controlled studies, concentration and competition in the chemotherapy drug market, the allocation of police services in rural Alaska, and financial market reaction to the fast food hamburger health scare of 1993. Emphasis is placed on applications, but attention is also given to the econometric and statistical issues for more advanced readers. c. Book News Inc.

An Economic Analysis on Automated Construction Safety

Author : Rita Yi Man Li
Publisher : Springer
Page : 173 pages
File Size : 48,7 Mb
Release : 2017-08-09
Category : Technology & Engineering
ISBN : 9789811057717

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An Economic Analysis on Automated Construction Safety by Rita Yi Man Li Pdf

This book addresses information technologies recently applied in the field of construction safety. Combining case studies, literature reviews and interviews to study the issue, it presents cutting-edge applications of various information technologies (ITs) in construction in different parts of the world, together with a wealth of figures, tables and examples. Though primarily intended for researchers and experts in the field, the book will also benefit graduate students.

A Financial Analysis of Risk and Control

Author : Rod Smith
Publisher : Outskirts Press
Page : 66 pages
File Size : 49,7 Mb
Release : 2017-06-06
Category : Business & Economics
ISBN : 1478787414

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A Financial Analysis of Risk and Control by Rod Smith Pdf

While the risk-and-control profession has grown in sophistication, some aspects of current practice are inconsistent with sound management decision-making and business analysis. Foremost among these is the financial evaluation of control. Simply stated, when it comes to the risk-and-control discipline, methods of financial evaluation that are routinely used for other aspects of an organization's operations are either not used or used to a much lesser extent. Many organizations, moreover, view the effort to implement an effective control environment to be a "cost of doing business" that does not warrant the degree of analysis that is generally applied to other areas of the organization. The objective of this book is to illustrate that, despite the unique characteristics of risk and control, the discipline should merit the same degree of financial/economic analysis as is applied to other topics of comparable cost, scale, and complexity. After establishing this point, this text outlines a practical framework for evaluating risk and control from a financial standpoint. The remaining text is devoted to outlining, in a step-by-step manner, the practical methods and implications for applying the framework to a wide range of risk-and-control decision-making contexts, thus allowing the reader to understand (at least "directionally") the guidelines and considerations for applying financial analysis to reduce costs and increase the efficiency and effectiveness of an organization's control environment. This brief, authoritative text is truly a 'must-have' addition to every internal audit library.

Economic Analysis For Management And Policy

Author : Jan, Steven,Hanson, Kara,Kumarayanake, Lilani
Publisher : McGraw-Hill Education (UK)
Page : 218 pages
File Size : 41,6 Mb
Release : 2005-09-01
Category : Medical
ISBN : 9780335218462

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Economic Analysis For Management And Policy by Jan, Steven,Hanson, Kara,Kumarayanake, Lilani Pdf

This book discusses theoretical perspectives in health economics by developing an appreciation of how economic concepts and techniques can be applied in policy making and management in the health sector.