Spatial Price Equilibrium Advances In Theory Computation And Application

Author : Patrick T. Harker
Publisher : Springer Science & Business Media
Page : 288 pages
File Size : 52,5 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9783642465482

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Spatial Price Equilibrium: Advances in Theory, Computation and Application by Patrick T. Harker Pdf

The problem of predicting interregional commodity movements and the regional prices of these commodities has intrigued economists, geographers and operations researchers for years. In 1838, A. A. Cournot (1838) discussed the equilibrium of trade between New York and Paris and noted how the equilibrium prices depended upon the transport costs. Enke (1951) recognized that this problem of predicting interregional flows and regional prices could be formulated as a network problem, and in 1952, . Paul Samuelson (1952) used the then recent advances in mathe matical programming to formalize the spatial price equilibrium problem as a nonlinear optimization problem. From this formula tion, Takayama and Judge (1964) derived their quadratic program ming representation of the spatial price equilibrium problem, which they and other scholars then applied to a wide variety of problem contexts. Since these early beginnings, the spatial price equilibrium problem has been widely studied, extended and applied; the paper by Harker (1985) reviews many of these results. In recent years, there has been a growing interest in this problem, as evidenced by the numerous publications listed in Harker (1985). The reasons for this renewed interest are many. First, new applications of this concept have arisen which challenge the theoretical underpinnings of this model. The spatial price equilibrium concept is founded on the assumption of perfect or pure competition. The applications to energy markets, steel markets, etc. have led scholars to rethink the basic structure of this model.

Author : North-American Regional Science Association. Meeting
Publisher : Unknown
Page : 277 pages
File Size : 47,8 Mb
Release : 1985
Category : Prices
ISBN : LCCN:85017307

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Spatial Price Equilibrium : Advances in Theory, Computation and Application by North-American Regional Science Association. Meeting Pdf

Author : Patrick T. Harker
Publisher : Unknown
Page : 277 pages
File Size : 52,5 Mb
Release : 1987
Category : Electronic
ISBN : OCLC:916697592

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Spatial Price Equilibrium by Patrick T. Harker Pdf

Author : Jeroen C.J.M.van den Bergh,Peter Nijkamp,Piet Rietveld
Publisher : Springer Science & Business Media
Page : 396 pages
File Size : 46,6 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9783642800801

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Recent Advances in Spatial Equilibrium Modelling by Jeroen C.J.M.van den Bergh,Peter Nijkamp,Piet Rietveld Pdf

Prices and quantities of both stock and flow variables in an economic system are decisively influenced by their spatial coordinates. Any equilibrium state also mirrors the underlying spatial structure and a tatonnement process also incorporates the spatial ramifications of consumer and producer behaviour. The recognition ofthe spatial element in the formation of a general equilibrium in a complex space-economy already dates back to early work of LOsch, Isard and Samuelson, but it reached a stage of maturity thanks to the new inroads made by T. Takayama. This book is devoted to spatial economic equilibrium (SPE) analysis and is meant to pay homage to the founding father of modern spatial economic thinking, Professor Takayama. This book witnesses his great talents in clear and rigorous economic thinking regarding an area where for decades many economists have been groping in the dark. Everybody who wants to study the phenomenon of spatial economic equilibrium will necessarily come across Takayama's work, but this necessity is at the same time a great pleasure. Studying his work means a personal scientific enrichment in a field which is still not completely explored. The present volume brings together recent contributions to spatial equilibrium analysis, written by friends and colleagues of Takayama. The structure of the book is based on four main uses of spatial equilibrium models: (i) the imbedding of spatial flows in the economic environment, related to e.g.

Author : W.E. Griffiths,H. Lütkepohl,M.E. Bock
Publisher : Elsevier
Page : 391 pages
File Size : 47,7 Mb
Release : 2014-06-28
Category : Business & Economics
ISBN : 9781483297088

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Readings in Econometric Theory and Practice by W.E. Griffiths,H. Lütkepohl,M.E. Bock Pdf

This volume honors George Judge and his many, varied and outstanding contributions to econometrics, statistics, mathematical programming and spatial equilibrium modeling. The papers are grouped into four parts, each part representing an area in which Professor Judge has made a significant contribution. The authors have all benefited in some way, directly or indirectly, through an association with George Judge and his work. The three papers in Part I are concerned with various aspects of pre-test and Stein-rule estimation. Part II contains applications of Bayesian methodology, new developments in Bayesian methodology, and an overview of Bayesian econometrics. The papers in Part III comprise new developments in time-series analysis, improved estimation and Markov chain analysis. The final part on spatial equilibrium modeling contains papers that had their origins from Professor Judge's pioneering work in the 60's.

Author : David A. Belsley,Erricos Kontoghiorghes
Publisher : John Wiley & Sons
Page : 514 pages
File Size : 55,6 Mb
Release : 2009-08-18
Category : Mathematics
ISBN : 9780470748909

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Handbook of Computational Econometrics by David A. Belsley,Erricos Kontoghiorghes Pdf

Handbook of Computational Econometrics examines the state of the art of computational econometrics and provides exemplary studies dealing with computational issues arising from a wide spectrum of econometric fields including such topics as bootstrapping, the evaluation of econometric software, and algorithms for control, optimization, and estimation. Each topic is fully introduced before proceeding to a more in-depth examination of the relevant methodologies and valuable illustrations. This book: Provides self-contained treatments of issues in computational econometrics with illustrations and invaluable bibliographies. Brings together contributions from leading researchers. Develops the techniques needed to carry out computational econometrics. Features network studies, non-parametric estimation, optimization techniques, Bayesian estimation and inference, testing methods, time-series analysis, linear and nonlinear methods, VAR analysis, bootstrapping developments, signal extraction, software history and evaluation. This book will appeal to econometricians, financial statisticians, econometric researchers and students of econometrics at both graduate and advanced undergraduate levels.

Author : Bogdan Gabrys
Publisher : Springer
Page : 1333 pages
File Size : 40,6 Mb
Release : 2006-10-18
Category : Computers
ISBN : 9783540465447

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Knowledge-Based Intelligent Information and Engineering Systems by Bogdan Gabrys Pdf

The three volume set LNAI 4251, LNAI 4252, and LNAI 4253 constitutes the refereed proceedings of the 10th International Conference on Knowledge-Based Intelligent Information and Engineering Systems, KES 2006, held in Bournemouth, UK, in October 2006. The 480 revised papers presented were carefully reviewed and selected from about 1400 submissions. The papers present a wealth of original research results from the field of intelligent information processing.

Author : Kakuya Matsushima,William P. Anderson
Publisher : Edward Elgar Publishing
Page : 384 pages
File Size : 46,6 Mb
Release : 2018
Category : Electronic
ISBN : 9781785366062

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Transportation, Knowledge and Space in Urban and Regional Economics by Kakuya Matsushima,William P. Anderson Pdf

This collection of 16 original research chapters by international scholars addresses the complementary roles of transportation and knowledge and their spatial manifestations in modern urban and regional economies. The authors provide research from North America, Europe and Asia. While the studies employ sophisticated methods and theory, there is a strong element of practical applications and policy implications in each chapter as well. This book will be of interest to communities of research and practice in urban and regional economics and planning, regional science and economic geography, transportation research, planning and management and the knowledge economy.

Author : Peter Nijkamp
Publisher : Springer Science & Business Media
Page : 474 pages
File Size : 43,8 Mb
Release : 2012-12-06
Category : Science
ISBN : 9783642465789

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Technological Change, Employment and Spatial Dynamics by Peter Nijkamp Pdf

Author : Pier C. Nicola
Publisher : Springer Science & Business Media
Page : 176 pages
File Size : 55,8 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9783642483998

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Imperfect General Equilibrium by Pier C. Nicola Pdf

Economic theory of the last fifty years has been dominated by the paradigm of General Equilibrium Theory, based on the scientific work of Walras-Pareto-Cassel-Wald-Hicks-Arrow-De breu-McKenzie. Some of its grounding assumptions are: all prices are fully flexible; an auctioneer appropriately manipulates all prices according to the law of supply and demand; every con sumer has only one budget constraint; all agents are perfectly informed; no actions are taken by agents before a vector of prices has been found such that all markets clear. Indeed, when all markets clear every agent can implement her/his chosen (opti mal) action and nobody is urged to change his/her decisions. Under these assumptions it is generally said that in a (one pe riod, competitive) general equilibrium model there is no place for money. The present monograph takes general equilibrium as the ba sis on which to build the model presented. But its first aim is to completely dispense with the Walrasian auctioneer by giving firms the task of choosing their output price~ period after period.

Author : Antonio Villar
Publisher : Springer Science & Business Media
Page : 166 pages
File Size : 45,8 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9783642457111

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Operator Theorems with Applications to Distributive Problems and Equilibrium Models by Antonio Villar Pdf

Presentation Many economic problems, as equilibrium models, input-output analysis, rational behaviour, etc. , are usually modelled in terms of operators in Euclidean spaces. This monograph deals with the analysis of a number of formal problems involving this kind of operators (with particular reference to complementarity problems and variational inequalities), and their applications to distributive problems and equilibrium models. Thus the purpose of this work is to provide a set of new results on the solvability of those problems, and a number of economic applications that will illustrate the interest of these results in economics. It is worth stressing from the very begining that our analysis concentrates on the existence (and in some cases optimality) of solutions. That is what is meant here by solvability (in particular, nothing will be said with respect to the uniqueness, stability, sensitivity analysis or computation of solutions). The results on the solvability of operator problems presented here, were actually arrived at as a way of solving specific economic models. Yet we are going to relate this case by somehow reversing the way it happened, that is, starting with the formal results and then presenting a number of economic models which appear as applications of VIII these formal results. The rationale for this approach is twofold. First, it provides a neat track via which to go through the whole work. Then, because I would like to emphasize the interest of complementarity and variational inequalities problems in economic modelling.

Author : Tryphon Kollintzas
Publisher : Springer Science & Business Media
Page : 278 pages
File Size : 49,5 Mb
Release : 2013-03-08
Category : Science
ISBN : 9781468463743

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The Rational Expectations Equilibrium Inventory Model by Tryphon Kollintzas Pdf

This volume consists of six essays that develop and/or apply "rational expectations equilibrium inventory models" to study the time series behavior of production, sales, prices, and inventories at the industry level. By "rational expectations equilibrium inventory model" I mean the extension of the inventory model of Holt, Modigliani, Muth, and Simon (1960) to account for: (i) discounting, (ii) infinite horizon planning, (iii) observed and unobserved by the "econometrician" stochastic shocks in the production, factor adjustment, storage, and backorders management processes of firms, as well as in the demand they face for their products; and (iv) rational expectations. As is well known according to the Holt et al. model firms hold inventories in order to: (a) smooth production, (b) smooth production changes, and (c) avoid stockouts. Following the work of Zabel (1972), Maccini (1976), Reagan (1982), and Reagan and Weitzman (1982), Blinder (1982) laid the foundations of the rational expectations equilibrium inventory model. To the three reasons for holding inventories in the model of Holt et al. was added (d) optimal pricing. Moreover, the popular "accelerator" or "partial adjustment" inventory behavior equation of Lovell (1961) received its microfoundations and thus overcame the "Lucas critique of econometric modelling.

Author : Thomas R. Jr. Gulledge,Lewis A. Litteral
Publisher : Springer Science & Business Media
Page : 421 pages
File Size : 46,9 Mb
Release : 2013-06-29
Category : Business & Economics
ISBN : 9781468463842

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Cost Analysis Applications of Economics and Operations Research by Thomas R. Jr. Gulledge,Lewis A. Litteral Pdf

Cost Analysis is an emerging sub-discipline of Economics and Operations Research. This is the first collection of readings that spans the discipline. The contributions are both theoretical and applications oriented. This book is directed to researchers in Economics, Operations Research, Industrial Engineering, and Managerial Accounting. In particular, the book provides an overview of the types of problems that are of interest to cost researchers. These papers are a subset of the papers that were presented at the 1989 Joint National Meeting of the Institute of Cost Analysis and the National Estimating Society in Washington, D.C.

Author : Harry Mason Kaiser,Nobuhiro Suzuki
Publisher : Peter Lang
Page : 376 pages
File Size : 54,8 Mb
Release : 2006
Category : Business & Economics
ISBN : 0820481440

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New Empirical Industrial Organization & the Food System by Harry Mason Kaiser,Nobuhiro Suzuki Pdf

Textbook

Author : Horand Störmer
Publisher : Springer Science & Business Media
Page : 160 pages
File Size : 46,6 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9783642615191

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Binary Functions and their Applications by Horand Störmer Pdf

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 objects which are described by the grades of certain attributes. Finally a class of Boolean algebras of practical importance (set algebras, indicator algebras, algebras of classes of propositions) are considered. The elements of such algebras have representations which are strongly connected with the representations of binary functions.