The Domain of New Institutional Economics -- Institutions and the Performance of Economies Over Time -- The Institutional Structure of Production -- Transaction Cost Economics -- Political Institutions and the State -- Electoral Institutions and Political Competition -- Presidential versus Parliamentary Government -- Legislative Process and the Mirroring Principle -- The Performance and Stabili…
Basic Theory of Stochastic Optimization -- Convex Stochastic Programs -- Barycentric Approximation Scheme -- Extensions -- Applications in the Power Industry -- Conclusions.This work was completed during my tenure as a scientific assistant and d- toral student at the Institute for Operations Research at the University of St. Gallen. During that time, I was involved in several industry projects …
The Rationality of Consumer Decisions to Adopt and Utilize Product-Attribute Enhancements: Why Are We Lured by Product Features We Never Use? -- A Behavioral Accounting Study of Strategic Interaction in a Tax Compliance Game -- Information Distribution and Attitudes Toward Risk in an Experimental Market of Risky Assets -- Effects of Idiosyncratic Investments in Collaborative Networks: An Experi…
Edwin Mansfield: An Appreciation -- Innovation, Technology, and Economic Growth -- Flexibility and Endogenous Innovation -- Schumpeter and the Micro-foundations of Endogenous Growth -- Technology and Technology Transfer: Mansfieldian Inspirations and Subsequent Developments -- Welfare Implications of User Innovation -- Underinvestment in Public Good Technologies -- Evaluating Public Sector R&D …
Monopoly Power and the Firm’s Valuation: A Dynamic Analysis of Short versus Long-Term Policies -- Revealed Intertemporal Ineffciency -- Volatility and Job Creation in the Knowledge Economy -- Existence of Sunspot Equilibria and Uniqueness of Spot Market Equilibria: The Case of Intrinsically Complete Markets -- Survival, Uncertainty, and Equilibrium Theory: An Exposition -- On Price-Taking Beh…
Basic Probability Theory and Markov Chains -- Estimation Techniques -- Non-Parametric Method of Estimation -- Unit Root, Cointegration and Related Issues -- VAR Modeling -- Time Varying Volatility Models -- State-Space Models (I) -- State-Space Models (II) -- Discrete Time Real Asset Valuation Model -- Discrete Time Model of Interest Rate -- Global Bubbles in Stock Markets and Linkages -- Forwa…
Set Theory. Relations. Functions -- Equations. Functions of one variable. Complex numbers -- Limits. Continuity. Differentiation (one variable) -- Partial derivatives -- Elasticities. Elasticities of substitution -- Systems of equations -- Inequalities -- Series. Taylor’s formula -- Integration -- Difference equations -- Differential equations -- Topology in Euclidean space -- Convexity -- Cl…
This volume contains papers that provide an analysis of topics in the following areas: Agent Based Models, Non-linear Time Series Analysis, Financial Market Dynamics, Econo-physics, Deterministic Chaos, Macroeconomic Dynamics. Economics: Complex Windows, does not present contributions to the sterile debate as to the merits of the different grand, or potentially grand paradigms of economics. Rat…
Economics, Sustainability, and Forest Management -- Complexity, Ethics, and the Economics of Sustainable Forest Management -- Complexity, Muddling Through, and Sustainable Forest Management -- Inter-Temporal Ethics, Modern Capital Theory and the Economics of Sustainable Forest Management -- Consumer Choice Theory and the Economics of Sustainable Forest Management -- Post-Keynesian Consumer Choi…
To the Reducibility Hypothesis -- Meritories and Social Interest -- The Autonomous Interest of Society -- The Principles of Economic Sociodynamics -- The Realization of Social Interest -- The Individual, the State and Society -- The Rational Behavior of the State -- Instead of a Conclusion… -- Economic Sociodynamics: Variations on a Given Theme.Grinberg and Rubinstein have written a profound …