The reform of a single player power sector (i.e. a natural monopoly) into a multiple-players power market brings to the clients not only the benefits of competition but also the costs of complexity. In between the two, an optimal number of players is found, corresponding to the minimum price of...

Repetitive Stochastic Guesstimation (RSG) is a probabilistic algorithm introduced in Charemza (1996) which mimics the usual guessing of the parameters involved in a complex large macroeconomic model. The paper analyzes the objective function employed by RSG and it establishes sufficient...

The macromodel estimates the short and medium-term economic implications for domestic policies and changes in the international context. This version of the Romanian macromodel incorporates the experience accumulated through the utilisation of its previous forms - either experimental (tested...

The macromodel estimates the short and medium-term economic implications for internal policies and changes in the international context. This version of the Romanian macromodel incorporates the experience accumulated through the utilization of its previous forms - either experimental (tested...

The macromodel estimates the short and medium-term economic implications for internal policies and changes in the international context. This version of the Romanian macromodel incorporates the experience accumulated through the utilization of its previous forms - either experimental (tested...

The macromodel estimates the short and medium-term economic implications for internal policies and changes in the international context. This version of the Romanian macromodel incorporates the experience accumulated through the utilisation of its previous forms - either experimental (tested...

The macromodel estimates the short and medium-term economic implications for internal policies and changes in the international context. This version of the Romanian macromodel incorporates the experience accumulated through the utilization of its previous forms - either experimental (tested...

Macromodel of the Romanian Market Economy***** In this article we present only the economic forecast of the variable of interest. For a description of the model see RJEF, No. 1/2007 of the [4]. The macromodel estimates the short and medium-term economic implications for internal policies and of...

Macromodel of the Romanian Market Economy***** In this article we present only the economic forecast of the variable of interest; for a description of the model see the previous number of the Journal [4]. The macromodel estimates the short and medium-term economic implications for internal...

With respect to the household allocation process, this is done in two ways, either through common utility models or through collective models. In this article the author presents briefly the two types of models and the differences between them, discussing then a simple empirical test of the...