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This book grows from a conference on the state of the art and recent advances in Efficiency and Productivity. Papers … efficiency and productivity analysis. Chapters on modeling advances include reverse directional distance function, a new method … analysis of productivity and price recovery indices, the relation of technical efficiency measures to productivity measures …
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The authors adapt modern control theoretic techniques based on robust control theory to economic modelling and decision … entropy and in this sense the robust control theory is not only adapted but also extended in the book. The main issues … noncooperative game theory to solve the formulated decision making problems. The book is self-contained and rigorous and may be …
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The problem of selecting a prior distribution when it comes to Bayes estimation often constitutes a choice between conjugate or noninformative priors, since in both cases the resulting posterior Bayes estimator (PBE) can be solved analytically and is therefore easy to calculate. Nevertheless,...
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