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The Nature of Equilibrium in Macroeconomics: A Critique of Equilibrium Search Theory
Aoki, Masanao; Yoshikawa, Hiroshi - 2008
The standard Walrasian equilibrium theory requires that the marginal value product of production factor such as labor … theory allegedly fills this gap by encompassing apparent disequilibrium phenomena in the neoclassical equilibrium framework …. Taking up Lucas and Prescott (1974) as a primary example, we show that the neoclassical search theory cannot explain the …
Persistent link: https://www.econbiz.de/10010298573
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Adaptive control schemes for parameterized heuristic scheduling
Schirmer, Armin - 1998
heuristics do better. In priority rule-based scheduling, attempts to remedy this have been made by combining simple priority …
Persistent link: https://www.econbiz.de/10011558738
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DSGE-Modelling: when agents are imperfectly informed
De Grauwe, Paul - 2008
individuals use simple rules of thumb (heuristics) to forecast the future inflation and output gap. We compare this model with the …
Persistent link: https://www.econbiz.de/10011604943
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Search Theory and Commuting Behavior
Rouwendal, Jan - 2004
In this paper I argue that search theory is a useful addition to the way economists and geographers have approached the … decentralized employment the spatial search model predicts excess commuting. Search theory also suggests that regression towards the …
Persistent link: https://www.econbiz.de/10010325209
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Offenheit durch XAI bei ML-unterstützten Entscheidungen: Ein Baustein zur Optimierung von Entscheidungen im Unternehmen?
Lossos, Christian; Geschwill, Simon; Morelli, Frank - In: HMD Praxis der Wirtschaftsinformatik 58 (2021) 2, pp. 303-320
Künstliche Intelligenz (KI) und Machine Learning (ML) gelten gegenwärtig als probate Mittel, um betriebswirtschaftliche Entscheidungen durch mathematische Modelle zu optimieren. Allerdings werden die Technologien häufig in Form von "Black Box"-Ansätze mit entsprechenden Risiken realisiert....
Persistent link: https://www.econbiz.de/10014502056
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Gerechtigkeit=Nachhaltigkeit? Die Vorzüge der Nachhaltigkeitssemantik
Pies, Ingo - 2012
Dieser Beitrag vergleicht die Gerechtigkeitssemantik, die auf eine lange Tradition zurückblicken kann, mit der vergleichsweise jungen Nachhaltigkeitssemantik. Basierend auf diesem Vergleich werden drei Vorzüge der Nachhaltigkeitssemantik herausgearbeitet. Sie bestehen darin, (a) eine...
Persistent link: https://www.econbiz.de/10011733832
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Combinatorial relaxation of the k-traveling salesman problem
Horbach, Andrei - 2005
The k-traveling salesman problem, or k-TSP is: given a graph with edge weights and an integer k, find a simple cycle of minimum weight visiting exactly k nodes. To obtain lower bounds for the traveling salesman problem the 2-matching relaxation and the 1-tree relaxation can be used. We...
Persistent link: https://www.econbiz.de/10011558810
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Models as Measuring Instruments
Rodenburg, Peter - 2004
in models by analysing the measurement of duration dependence of unemployment. Since search theory can’t be made … function serves this purpose, its assumptions are arbitrary rather than connected to theory, and measurements generated with …
Persistent link: https://www.econbiz.de/10010325381
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The dilemma of delegating search: Budgeting in public employment services
Addison, John T.; Altemeyer-Bartscher, Martin; Kuhn, Thomas - 2010
The poor performance often attributed to many public employment services may be explained in part by a delegation problem between the central office and local job centers. In markets characterized by frictions, job centers function as match-makers, linking job seekers with relevant vacancies....
Persistent link: https://www.econbiz.de/10010274618
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Taxes and marriage: A two-sided search analysis
Chade, Hector; Ventura, Gustavo - 2000
This paper studies the effects of differential tax treatment toward married and single individuals in the US on marriage formation and composition, divorce and labor supply. We develop a marriage market model with search frictions and heterogeneous agents that is sufficiently rich to capture key...
Persistent link: https://www.econbiz.de/10010292010