Showing 1 - 10 of 561
The paper focuses on the prospects interaction economics opens in the economic geography field. The first part is … devoted to the conditions in which interaction economics emerges and develops. The second one focuses on the main concepts and … models. In the third one, we show through a recent research survey, that sequential, cumulative and non-market interaction …
Persistent link: https://www.econbiz.de/10005230149
characterising their constituents: heterogeneity and interaction as the main sources of complexity and emergence. This perspective is … developed by reasoning on the double-face problem of microfoundation and aggregation in macroeconomic modelling taking care of … heterogeneity, interaction and composition effects of individual behaviours into the emergence of macroscopic phenomena. With …
Persistent link: https://www.econbiz.de/10010929797
der vorliegenden Arbeit wird eine Methode entwickelt, die eine konsistente Aggregation unterschiedlicher …
Persistent link: https://www.econbiz.de/10009019650
A method is proposed to measure capital services in production. This means that productive assets are weighted according to their user costs. The user costs of the individual asset classes are estimated based on data from the national accounts and other sources. The results show that, in the...
Persistent link: https://www.econbiz.de/10010984707
Es wird eine Methode zur Messung des Produktionsfaktors Kapital vorgeschlagen, in der Vermögensarten nach ihrem Nutzungswert im Produktionsprozess gewichtet werden. Dazu werden Nutzungskosten für die einzelnen Anlageklassen mit Hilfe von Daten der Volkswirtschaftlichen Gesamtrechnungen sowie...
Persistent link: https://www.econbiz.de/10010984711
exchange rate uncertainty. Based on this micro foundation an aggregation approach is presented. Under uncertainty, intervals of … where the aggregation of microeconomic real options effects under uncertainty are relevant, they may even be of a more …
Persistent link: https://www.econbiz.de/10010261879
This paper proposes a new method of forecasting euro area quarterly real GDP that uses area-wide indicators, which are derived by optimally pooling the information contained in national indicator series. Following the ideas of predictive modeling, we construct the area-wide indicators by...
Persistent link: https://www.econbiz.de/10010264416
This paper deals with different concepts of income elasticities of demand for a heterogenous population and the relationship between individual and aggregate elasticities is analyzed. In general, the aggregate elasticity is not equal to the mean of individual elasticities. The difference depends...
Persistent link: https://www.econbiz.de/10010264907
This paper explores the consequences for parametric and non-parametric efficiency levels and rankings when using grouped instead of individual Decision Making Units (DMU). The bias results due to the differences of the grouped DMUs frontier compared to the individual DMUs frontier. Monte Carlo...
Persistent link: https://www.econbiz.de/10010297112
A large market economy has a huge number of degrees of freedom with weak microlevel coordination. The 'implicit microfoundations' approach assumes this property of micro-level interactions more strongly conditions macro-level outcomes compared to the precise details of individual choice...
Persistent link: https://www.econbiz.de/10010298577