Weak convergence of financial markets

The book provides an overview of weak convergence of stochastic processes and its application to the study of financial markets. Split into three parts, the first recalls the mathematics of stochastic processes and stochastic calculus with special emphasis on contiguity properties and weak convergence of ...

Money demand in Europe

an empirical approach

The EURO has now been in place for more than two years, but only the future will tell if the ECB can manage the EURO currency in the long- term. This book discusses the economic principals underlying the demand for money, and the possibilities to ...

Attractors, bifurcations & chaos

nonlinear phenomena in economics

The first part of this book is an introduction to the mathematical methods of modern nonlinear dynamics. It deals with differential equations, ordinary and partial, iterated maps, and bifurcation theory. The second part focuses applications to economics and regional science. Topics such as business cycles ...

Econometric analysis of count data

Proper count data probability models allow for rich inferences, both with respect to the stochastic count process that generated the data, and with respect to predicting the distribution of outcomes. The book starts with a presentation of the benchmark Poisson regression model. Alternative models address ...

Empirical modeling of the economy and the environment

Eds. Cristoph Böhringer abd Andreas Löscher The papers presented in this volume address a wide range of policy themes in the context of environmental regulation. Investigated issues include the interaction between environmental regulation and economic growth, international competitiveness, structural change, pollution leakage, technological innovation, tax ...

Semiparametric regression for the applied econometrician

This book provides an accessible collection of techniques for analyzing nonparametric and semiparametric regression models. Worked examples include estimation of Engel curves and equivalence scales, scale economies, semiparametric Cobb-Douglas, translog and CES cost functions, household gasoline consumption, hedonic housing prices, option prices and state price ...

Applied time series modelling and forecasting

A time series is a sequence of numerical data in which each item is associated with a particular instant in time. Examples of time series include: monthly unemployment figures, weekly measures of money supply and daily closing prices of stock indices. This text covers time ...

Satisficing games and decision making

with applications to engineering and computer science

In our day-to-day lives we constantly make decisions which are simply #good enough# rather than optimal. Most computer-based decision making algorithms, on the other hand, doggedly seek only the optimal solution based on rigid criteria and reject any others. In this book, Professor Stirling outlines ...

Conjoint measurement

methods and applications

Edited by Anders Gustafsson, Andreas Herrmann, and Frank The book covers all recent developments in Conjoint Analysis. Leading scientists present theory and applications of this technique. In short, the following models, techniques, and applications are discussed: normative models that maximize return, extension of choice-based conjoint ...

Distributed decision making

Distributed decision making (DDM) has become of increasing importance in quantitative decision analysis. In applications like supply chain management, service operations, or managerial accounting, DDM has led to a paradigm shift. The book provides a unified approach to such seemingly diverse fields as multi-level stochastic ...

Economic growth

After an introductory discussion of economic growth, the book examines neoclassical growth theories, from Solow-Swan in the 1950s and Cass- Koopmans in the 1960s to more recent refinements; this is followed by a discussion of extensions to the model, with expanded treatment in this edition ...

Differencial games in marketing

An important branch of marketing science is optimal planning of marketing effort, using mathematical modelling and quantitative methods. Here it is important to recognize that the majority of marketing problems are dynamic and involve strategic considerations. Thus, most marketing instruments have impacts that go beyond ...

Fuzzy logic in management

Fuzzy Logic In Management demonstrates that difficult problems and changes in the management environment can be more easily handled by bringing fuzzy logic into the practice of management INDICE Chapter 1, "Management and Intelligent Support Technologies", is a short survey of management leadership and what ...

The econometrics of corporate governance studies

A vast theoretical and empirical literature in corporate finance considers the interrelationships of corporate governance, takeovers, management turnover, corporate performance, corporate capital structure, and corporate ownership structure. Most of the studies look at two variables at a time. In this book Sanjai Bhagat and Richard ...

Applied computational economics and finance

Métodos de econometría

Acompaña Disquette

A concise introduction to econometrics

an intuitive guide

Applied computational economics and finance

This book presents a variety of computational methods used to solve dynamic problems in economics and finance. It emphasizes practical numerical methods rather than mathematical proofs and focuses on techniques that apply directly to economic analyses. The examples are drawn from a wide range of ...

Practical business forecasting

Modelling income distribution