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Multiperiod Optimization in Economic Systems with Unknown Parameters
Multiperiod Optimization Economic Systems
2015/8/5
Multiperiod Optimization in Economic Systems with Unknown Parameters.
A Criterion for Multiperiod Controls in Economic Models with Unknown Parameters
Multiperiod Controls Economic Models
2015/8/5
A Criterion for Multiperiod Controls in Economic Models with Unknown Parameters.
The Apple-Cinnamon Cheerios War:Valuing New Goods,Identifying Market Power,and Economic Measurement
Apple-Cinnamon Cheerios War Valuing New Goods Identifying Market Power Economic Measurement
2015/7/15
The contribution of new goods to economic welfare is a first order question for understanding the growth of modern economies. New attention to this question has improved both our understanding of the ...
Introducing Chaos in Economic Gas-like Models
Complex Systems Chaos Econophysics Gas-like Models Money Dynamics Chaotic Simulation
2010/10/29
This paper considers ideal gas-like models of trading markets, where each agent is identified as a gas molecule that interacts with others trading in elastic or money-conservative collisions. Traditio...
Statistical thermodynamics of economic systems
Econophysics statistical thermodynamics money function
2010/10/29
We formulate thermodynamics of economic systems in terms of an arbitrary probability distribution for a conserved economic quantity. As in statistical physics, thermodynamic macroeconomic variables em...
The income cycles that have been experienced by six OECD countries over the past 24 years are
analysed. The amplitude of the cycles relative to the level of aggregate income varies amongst the countr...