Recursive methods offer a powerful approach for characterizing and solving complicated problems in dynamic macroeconomics. Recursive Macroeconomic Theory provides both an introduction to recursive methods and advanced material, mixing tools and sample applications. The second edition contains...

Beta regression - an increasingly popular approach for modeling rates and proportions - is extended in various directions: (a) bias correction/reduction of the maximum likelihood estimator, (b) beta regression tree models by means of recursive partitioning, (c) latent class beta regression by...

Intro -- Contents -- Foreword -- 1 Introduction -- 2 An Overview -- 3 Mathematical Preliminaries -- 4 Dynamic Programming under Certainty -- 5 Applications of Dynamic Programming under Certainty -- 6 Deterministic Dynamics -- 7 Measure Theory and Integration -- 8 Markov Processes -- 9 Stochastic...

Der vorliegende Band enthält zehn Beiträge aus der Arbeit des Evolutorischen Ausschusses, die sich aus unterschiedlichen Perspektiven mit dem Kerngegenstand der Evolutorischen Ökonomik, dem wirtschaftlichen Wandel, auseinandersetzen. Damit reflektiert der Band die Komplexität des...