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Asset price and wealth dynamics with heterogeneous expectations : a deterministic nonlinear structural model approach

Florian Heitger - 2010

Based on a classical financial market model different model variants known from the literature are discussed and analyzed, each focussing on modeling financial markets as a nonlinear dynamic system by introducing the formation of (heterogeneous) beliefs about future asset prices into the model...

Persistent link: https://www.econbiz.de/10009428980

EU ENLARGEMENT TO TURKEY: POTENTIAL IMPACTS ON AGRICULTURAL MARKETS AND HOW THEY ARE SHAPED BY CHANGES IN MACROECONOMIC CONDITIONS

Fellmann, Thomas; van Leeuwen, Myrna; Salamon, Petra - 2011

The potential accession of Turkey to the EU, and the related adoption of the CAP by Turkey,is expected to influence … agricultural markets in both the EU and Turkey. The extent of theaccession impacts depends on the one hand on the way the CAP will …-membership simulation show that the impacts on agriculturalmarkets in Turkey are significant, while effects on EU markets are rather limited …

Persistent link: https://www.econbiz.de/10009446181

Bounded rationality and decomposability: The basis for integrating cognitive and evolutionary economics

Earl, Peter E.; Potts, Jason - 2004

This paper explores the interconnections between two of Herbert Simon's key concepts, bounded rationality and decomposability, and show how this unity provides the starting point for merging cognitively focused approaches to behavioral economics with evolutionary/institutional economics into a...

Persistent link: https://www.econbiz.de/10009447955

Why is Economics not a Complex Systems Science?

Foster, John - 2004

Economics is viewed as a discipline that is mainly concerned with 'simplistic' theorizing, centered upon constrained optimization. As such, it is ahistorical and outcome focused, ie, it does not deal with economic processes. It is argued that all parts of the economy are inhabited by complex...

Persistent link: https://www.econbiz.de/10009448004

Structural change in macroeconomic time series: A complex systems perspective

Hinich, MJ; Foster, J; Wild, P - 2006

We demonstrate that the process of generating smooth transitions Call be viewed as a natural result of the filtering operations implied in the generation of discrete-time series observations from the sampling of data from an underlying continuous time process that has undergone a process of...

Persistent link: https://www.econbiz.de/10009448044

Advanced Methodologies for Power System Security and Vulnerability Analysis

Guo Chen - 2010

Nowadays, with the rapid expansion of increasing utilization of renewable energy sources, power grid is evolving into a much complex man-made system in the technological age. Under the new circumstances, traditional methodologies for power system security analysis are facing a serious challenge....

Persistent link: https://www.econbiz.de/10009448170

A complex systems approach to the value of ecological resources

Straton, A. - 2006

A theory of value sits at the core of every school of economic thought and directs the allocation of resources to competing uses. Ecological resources complicate the modem neoclassical approach to determining value due to their complex nature, considerable non-market values and the difficulty in...

Persistent link: https://www.econbiz.de/10009448292

Investigating the potential to simulate hospital-based infection outbreaks using the STAMP architecture

Waterson, Patrick; Chung, P.W.H. - 2010

In this paper we describe our use of the STAMP architecture to analyse the C. difficile infection outbreaks which occurred at the Maidstone and Tunbridge Wells NHS trust. Background data from other outbreaks in the UK (e.g., at Stoke Mandeville NHS trust) were also used to build STAMP models....

Persistent link: https://www.econbiz.de/10009461340

Identifying and mitigating the antecedents of supply chain disruptions - 3 essays

Habermann, Marco - 2009

University of Minnesota Ph.D. dissertation. July 2009. Major: Business Administration. Advisors: Dr. Karen Donohue and Dr. Rachna Shah. 1 computer file (PDF); xi, 196 pages, appendices 1-4.

Persistent link: https://www.econbiz.de/10009462800

Public-Private Employment Choice, Wage Differentials and Gender in Turkey

Tansel, Aysit - 1999

There is no evidence on the extent of public versus private wage differentials in Turkey. The main objective of this …, state owned enterprises and the formal private wage sector in Turkey. Selectivity corrected wage equations are estimated for …

Persistent link: https://www.econbiz.de/10009444203

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