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R.G. Goodwin mentioned that "economists will be led, as natural scientists have been led, to seek in nonlinearities an explanation of the maintenance of oscillation" (Goodwin, Econometrica 19(1), 1951); following this reasoning, we studied business cycles as if they were generated by nonlinear...
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persistent disparities in the regional unemployment rates. Through standard kernel density tecnhiques, we demonstrate the …
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used for modelling purposes. We propose an augmented entropy approach, which combines the Transtools model’s inter …
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-sample information from theory and/or empirical evidence can be introduced in the form of known probabilities by means of the cross-entropy …
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essentially performs a proportional fitting in the domains of both households and persons, and introduces an entropy …
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The entropic value of the production risk is closely linked to the farmer's aversion to this type of risk. Since risk aversion is difficult to quantify, it is preferable to use the MaxEnt model as a quantitative benchmark in assessing and covering the production risk through adequate financial...
Persistent link: https://www.econbiz.de/10011456108
field of urban and regional economics. The objective of this paper is to suggest an estimation procedure, based on entropy …
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