Control And Game Models Of The Greenhouse Effect

Author : Herman S.J. Cesar
Publisher : Springer Science & Business Media
Page : 234 pages
File Size : 43,5 Mb
Release : 2012-12-06
Category : Mathematics
ISBN : 9783642457388

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Control and Game Models of the Greenhouse Effect by Herman S.J. Cesar Pdf

This book deals with economic policy regarding the Greenhouse Effect using control and game models. First, a literature review is given of intertemporal optimisation models of environmental issues with special focus on the Greenhouse Effect. Next, the issue of sustainability is discussed for different specifications of the natural assimilation function. Furthermore, capital accumulation is considered both in abatement and in human capital. The international dimension is analysed next with focus on the difference between feedback and open-loop solutions, as well as on cooperative outcomes using trigger and renegotiation-proof strategies. Finally, second best forms of cooperation in the form of "issue linkage" and "technology transfers" are worked out.

Author : Herman S J Cesar
Publisher : Unknown
Page : 244 pages
File Size : 47,7 Mb
Release : 1994-08-26
Category : Electronic
ISBN : 3642457398

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Control and Game Models of the Greenhouse Effect by Herman S J Cesar Pdf

Author : Jerzy Filar,Carlo Carraro
Publisher : Springer Science & Business Media
Page : 368 pages
File Size : 47,5 Mb
Release : 2012-12-06
Category : Mathematics
ISBN : 9781461208419

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Control and Game-Theoretic Models of the Environment by Jerzy Filar,Carlo Carraro Pdf

This book collects some recent works on the application of dynamic game and control theory to the analysis of environmental problems. This collec tion of papers is not the outcome of a conference or of a workshop. It is rather the result of a careful screening from among a number of contribu tions that we have solicited across the world. In particular, we have been able to attract the work of some of the most prominent scholars in the field of dynamic analyses of the environment. Engineers, mathematicians and economists provide their views and analytical tools to better interpret the interactions between economic and environmental phenomena, thus achiev ing, through this interdisciplinary effort, new and interesting results. The goal of the book is more normative than descriptive. All papers include careful modelling of the dynamics of the main variables involved in the game between nature and economic agents and among economic agents themselves, as well-described in Vrieze's introductory chapter. Fur thermore, all papers use this careful modelling framework to provide policy prescriptions to the public agencies authorized to regulate emission dy namics. Several diverse problems are addressed: from global issues, such as the greenhouse effect or deforestation, to international ones, such as the management of fisheries, to local ones, for example, the control of effluent discharges. Moreover, pollution problems are not the only concern of this book.

Author : Carlo Carraro,Jerzy A. Filar
Publisher : Unknown
Page : 356 pages
File Size : 47,9 Mb
Release : 1995-01-01
Category : Control theory
ISBN : 3764338156

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Control and Game-theoretic Models of the Environment by Carlo Carraro,Jerzy A. Filar Pdf

Author : Jeroen C. J. M. Van den Bergh
Publisher : Edward Elgar Publishing
Page : 1326 pages
File Size : 50,9 Mb
Release : 2002-01-01
Category : Business & Economics
ISBN : 9781843768586

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Handbook of Environmental and Resource Economics by Jeroen C. J. M. Van den Bergh Pdf

This major reference book comprises specially commissioned surveys in environmental and resource economics written by an international team of experts. Authoritative yet accessible, each entry provides a state-of-the-art summary of key areas that will be invaluable to researchers, practitioners and advanced students.

Author : Christoph Böhringer,Michael Finus,Carsten Vogt
Publisher : Edward Elgar Publishing
Page : 324 pages
File Size : 51,8 Mb
Release : 2002-01-01
Category : Science
ISBN : 1843765462

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Controlling Global Warming by Christoph Böhringer,Michael Finus,Carsten Vogt Pdf

Global warming is widely considered to be one of the most serious environmental problems for current and future generations.

Author : Lin Chen
Publisher : Springer Science & Business Media
Page : 158 pages
File Size : 41,6 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9783642468254

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Interest Rate Dynamics, Derivatives Pricing, and Risk Management by Lin Chen Pdf

There are two types of tenn structure models in the literature: the equilibrium models and the no-arbitrage models. And there are, correspondingly, two types of interest rate derivatives pricing fonnulas based on each type of model of the tenn structure. The no-arbitrage models are characterized by the work of Ho and Lee (1986), Heath, Jarrow, and Morton (1992), Hull and White (1990 and 1993), and Black, Dennan and Toy (1990). Ho and Lee (1986) invent the no-arbitrage approach to the tenn structure modeling in the sense that the model tenn structure can fit the initial (observed) tenn structure of interest rates. There are a number of disadvantages with their model. First, the model describes the whole volatility structure by a sin gle parameter, implying a number of unrealistic features. Furthennore, the model does not incorporate mean reversion. Black-Dennan-Toy (1990) develop a model along tbe lines of Ho and Lee. They eliminate some of the problems of Ho and Lee (1986) but create a new one: for a certain specification of the volatility function, the short rate can be mean-fteeting rather than mean-reverting. Heath, Jarrow and Morton (1992) (HJM) construct a family of continuous models of the term struc ture consistent with the initial tenn structure data.

Author : Andrey Garnaev
Publisher : Springer Science & Business Media
Page : 157 pages
File Size : 51,9 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9783642573040

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Search Games and Other Applications of Game Theory by Andrey Garnaev Pdf

This book is on applications of game theory. The title of this book is not "Game Theory and its Applications" because it does not construct a general theory for considered games. The book contains a lot of examples of applica tion of game theory together with the background of those games considered and a list of unsolved problems. Also we consider only the game where the optimal strategies of the players are found in closed form. This book is an attempt to carryon the approach developed in nice books "Search Games" by Gal and "Geometric Games and their Applications" by Ruckle. The first chapter of this book supplies the required definitions and theorems from game theory. The second chapter deals with discrete search games where both players act simultaneously: the games of protection of a channel from infiltration of a submarine, the submarine versus helicopter game, the matrix search games and others. The third chapter considers the game where the players allocate their contin uous efforts. In these games players face up an alternative either not to come into contest if the cost of efforts seems too high, or come into it. In the last case the player have to decide how much resources they can afford to spend. The allocation models of search, antiballistic protection and marketing are investigated.

Author : A. Dan Tarlock,John C. Dernbach
Publisher : EOLSS Publications
Page : 438 pages
File Size : 52,5 Mb
Release : 2009-11-25
Category : Electronic
ISBN : 9781848262935

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Environmental Laws and Their Enforcement - Volume II by A. Dan Tarlock,John C. Dernbach Pdf

Environmental Laws and Their Enforcement is a component of Encyclopedia of Social Sciences and Humanities in the global Encyclopedia of Life Support Systems (EOLSS), which is an integrated compendium of twenty one Encyclopedias. The volume on Environmental Laws and Their Enforcement deals, in two volumes , with a myriad of issues of great relevance to our world such as: Sustainable Development and National Governance; History of Environmental Law; International Environmental Law; Constitutional Law; International Binding Mechanisms; Laws Governing Freshwater and Ground Water Pollution; Forestry; Biodiversity Conservation and Endangered Species Protection; International Guidelines and Principles; Compliance Models for Enforcement of Environmental Laws And Regulations; International Environmental Law; Life Support Systems: Law and Policy; The Principle of Sustainable Development in International Development Law; Environmental Pollution Regulations; Social Concerns for Environmental Exposures to Toxic Substances; Regulation of Air and Pollutants. These volumes are aimed at the following five major target audiences: University and College Students, Educators, Professional Practitioners, Research Personnel and Policy Analysts, Managers, and Decision Makers and NGOs.

Author : B.Philipp Kellerhals
Publisher : Springer Science & Business Media
Page : 243 pages
File Size : 55,6 Mb
Release : 2013-11-11
Category : Business & Economics
ISBN : 9783662219010

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Financial Pricing Models in Continuous Time and Kalman Filtering by B.Philipp Kellerhals Pdf

Straight after its invention in the early sixties, the Kalman filter approach became part of the astronautical guidance system of the Apollo project and therefore received immediate acceptance in the field of electrical engineer ing. This sounds similar to the well known success story of the Black-Scholes model in finance, which has been implemented by the Chicago Board of Op tions Exchange (CBOE) within a few month after its publication in 1973. Recently, the Kalman filter approach has been discovered as a comfortable estimation tool in continuous time finance, bringing together seemingly un related methods from different fields. Dr. B. Philipp Kellerhals contributes to this topic in several respects. Specialized versions of the Kalman filter are developed and implemented for three different continuous time pricing models: A pricing model for closed-end funds, taking advantage from the fact, that the net asset value is observable, a term structure model, where the market price of risk itself is a stochastic variable, and a model for electricity forwards, where the volatility of the price process is stochastic. Beside the fact that these three models can be treated independently, the book as a whole gives the interested reader a comprehensive account of the requirements and capabilities of the Kalman filter applied to finance models. While the first model uses a linear version of the filter, the second model using LIBOR and swap market data requires an extended Kalman filter. Finally, the third model leads to a non-linear transition equation of the filter algorithm.

Author : Moritz Fleischmann
Publisher : Springer Science & Business Media
Page : 181 pages
File Size : 42,6 Mb
Release : 2012-12-06
Category : Technology & Engineering
ISBN : 9783642566912

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Quantitative Models for Reverse Logistics by Moritz Fleischmann Pdf

Economic, marketing, and legislative considerations are increasingly leading companies to take back and recover their products after use. From a logistics perspective, these initiatives give rise to new goods flows from the user back to the producer. The management of these goods flows opposite to the traditional supply chain flows is addressed in the recently emerged field of Reverse Logistics. This monograph considers quantitative models that support decision making in Reverse Logistics. To this end, several recent case studies are reviewed. Moreover, first hand insight from a study on used electronic equipment is reported on. On this basis, logistics issues arising in the management of "reverse" goods flows are identified. Moreover, differences between Reverse Logistics and more traditional logistics contexts are highlighted. Finally, attention is paid to capturing the characteristics of Reverse Logistics in appropriate quantitative models.

Author : Günther Lang
Publisher : Springer Science & Business Media
Page : 109 pages
File Size : 45,6 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9783642481529

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On Overlapping Generations Models with Productive Capital by Günther Lang Pdf

This book was born out of a five-years research at Sonderforschungsbe reich 303 by the Deutsche Forschungsgemeinschaft (DFG) at Rheinische Friedrich-Wilhelms-Universitiit Bonn and was approved as my doctoral thesis by the Rechts-und Staatswissenschaftliche Fakultiit in December 1994. It was my former colleague Wolfgang Peters who had drawn my atten tion to overlapping-generations models and to problems of intergenerational efficiency and distribution. The subtle connection between the latter two has been fascinating me from the very beginning: redistribution of the results of free trade can become necessary from the point of view of efficiency, although no externalities hamper the development of an economy. In spite of being a matured part of economics, neoclassical growth theory had left many questions unsolved, some of them even unrecognized by a large part of our profession. I took up the challenge to contribute to the investigation of some of these thorny problems. One of these issues is the often quoted idea of the inter generational con tract. Although intergenerational transfers can improve intertemporal effi ciency, the design of pension schemes to achieve an improvement of well-being of some generations without hurting that of any other, is not an easy task in an economy with flexible prices. Quite frequently, only interest rate and growth rate are taken into account when deciding on whether a generation wins or looses.

Author : Michael Reutter
Publisher : Springer Science & Business Media
Page : 150 pages
File Size : 48,7 Mb
Release : 2001
Category : Business & Economics
ISBN : 3540412441

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A Macroeconomic Model of West German Unemployment by Michael Reutter Pdf

The book offers an explanation of unemployment based on a model of wage bargaining between a trade union and an employers' association. The theoretical model emphasizes the importance of distributional fairness in wage negotiations, especially with regard to factor taxation. This is achieved by the application of the proportional solution to the bargaining problem. It is shown, that this solution concept delivers a reasonable model of long run wage determination in which the natural rate of unemployment is independent of productivity growth. Taxes on labour and capital are identified as important determinants of equilibrium employment, the labour tax having a negative, the capital income tax having a positive effect. The latter result distinguishes the model from the standard literature. An empirical test using cointegration methods with West German data confirms the theoretical predictions.

Author : Mark W.J. Blok,A.T. Kearney
Publisher : Springer Science & Business Media
Page : 199 pages
File Size : 46,5 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9783642484018

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Dynamic Models of the Firm by Mark W.J. Blok,A.T. Kearney Pdf

This book contributes to the scientific field of optimal control theory applied to dynamic models of the firm. It discusses optimal investment, financing and production policies of the firm, that have to deal with a variety of aspects, such as financial constraints, start-up costs, business cycles, increasing returns to scale, production life cycles and experience curves. In contrast to many other publications on this subject, here, in combination with an analytical approach, the dynamic optimization problems are solved numerically with the aid of a powerful computer and specific programs for optimizing non-linear functions of a finite number of variables and non-linear constraints.

Author : Thomas Brenner
Publisher : Springer Science & Business Media
Page : 392 pages
File Size : 55,9 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9781461550297

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Computational Techniques for Modelling Learning in Economics by Thomas Brenner Pdf

Computational Techniques for Modelling Learning in Economics offers a critical overview of the computational techniques that are frequently used for modelling learning in economics. It is a collection of papers, each of which focuses on a different way of modelling learning, including the techniques of evolutionary algorithms, genetic programming, neural networks, classifier systems, local interaction models, least squares learning, Bayesian learning, boundedly rational models and cognitive learning models. Each paper describes the technique it uses, gives an example of its applications, and discusses the advantages and disadvantages of the technique. Hence, the book offers some guidance in the field of modelling learning in computation economics. In addition, the material contains state-of-the-art applications of the learning models in economic contexts such as the learning of preference, the study of bidding behaviour, the development of expectations, the analysis of economic growth, the learning in the repeated prisoner's dilemma, and the changes of cognitive models during economic transition. The work even includes innovative ways of modelling learning that are not common in the literature, for example the study of the decomposition of task or the modelling of cognitive learning.