Showing 1 - 7 of 7
Persistent link: https://www.econbiz.de/10010900169
In this article we provide a review of the literature with respect to the efficient markets hypothesis and chaos. In doing so, we contrast the martingale behavior of asset prices to nonlinear chaotic dynamics, discuss some recent techniques used in distinguishing between probabilistic and...
Persistent link: https://www.econbiz.de/10010900171
This paper is an up-to-date survey of the state-of-the-art in dynamical systems theory relevant to high levels of dynamical complexity, characterizing chaos and near chaos, as commonly found in the physical sciences. The paper also surveys applications in economics and finance. This survey does...
Persistent link: https://www.econbiz.de/10010900185
This chapter is an up-to-date survey of the state-of-the art in consumer demand analysis. We review (and evaluate) advances in a number of related areas, in the spirit of the recent survey paper by Barnett and Serletis (2008). In doing so, we only deal with consumer choice in a static framework,...
Persistent link: https://www.econbiz.de/10005057402
This paper was produced for the El-Naschie Symposium on Nonlinear Dynamics in Shanghai in December 2005. In this paper we provide a review of the literature with respect to fluctuations in real systems and chaos. In doing so, we contrast the order and organization hypothesis of real systems with...
Persistent link: https://www.econbiz.de/10005106588
This paper is an up-to-date survey of the state-of-the art in consumer demand modelling. We review and evaluate advances in a number of related areas, including diĀ¤erent approaches to empirical demand analysis, such as the diĀ¤erential approach, the locally .exible functional forms approach,...
Persistent link: https://www.econbiz.de/10005106593
This paper presents the differential approach to applied demand analysis. The demand systems of this approach are general, having coefficients which are not neces- sarily constant. We consider the Rotterdam parameterization of differential demand systems and derive the absolute and relative...
Persistent link: https://www.econbiz.de/10005115538