The concept of general equilibrium, one of the central components of economic theory, explains the behavior of supply, demand, and prices by showing that supply and demand exist in balance through pricing mechanisms.
This volume investigates the accuracy and dynamic performance of a high-frequency forecast model for the Japanese and United States economies based on the Current Quarter Model (CQM) or High Frequency Model (HFM) developed by the late Professor Emeritus Lawrence R.
Testing for a Unit Root is now an essential part of time series analysis but the literature on the topic is so large that knowing where to start is difficult even for the specialist.
In recent years the so-called new economic geography and the issue of regional economic convergence have increasingly drawn the interest of economists to the empirical analysis of regional and spatial data.
The Encyclopedia of Finance, Second Edition, comprised of over 1000 individual definitions and chapters, is the most comprehensive and up-to-date resource in the field, integrating the most current terminology, research, theory, and practical applications.
Fundamental Statistics for the Social and Behavioral Sciences, Second Edition, places statistics within the research process, illustrating how they are used to answer questions and test ideas.
The aim of this book is an applied and unified introduction into parametric, non- and semiparametric regression that closes the gap between theory and application.
This textbook, designed for a single semester course, begins with basic set theory, and moves briskly through fundamental, exponential, and logarithmic functions.
Presents recent developments of probabilistic assessment of systems dependability based on stochastic models, including graph theory, finite state automaton and language theory, for both dynamic and hybrid contexts.
Analyzing Event Statistics in Corporate Finance provides new alternative methodologies to increase accuracy when performing statistical tests for event studies within corporate finance.
From Joshua Angrist, winner of the Nobel Prize in Economics, and Jorn-Steffen Pischke, an irreverent guide to the essentials of econometricsThe core methods in today's econometric toolkit are linear regression for statistical control, instrumental variables methods for the analysis of natural experiments, and differences-in-differences methods that exploit policy changes.
This book provides an introduction to Suzanne Scotchmer''s contributions to the economics of innovation, intellectual property incentives, and equilibrium theory.
An accessible treatment of Monte Carlo methods, techniques, and applications in the field of finance and economics Providing readers with an in-depth and comprehensive guide, the Handbook in Monte Carlo Simulation: Applications in Financial Engineering, Risk Management, and Economics presents a timely account of the applicationsof Monte Carlo methods in financial engineering and economics.
The Soviet Union Looks Ahead (1930) is the official statement of the five-year economic plan put forward by the Soviet Union, a plan involving the radical reconstruction of the entire production system of Russia.
Spatial Microeconometrics introduces the reader to the basic concepts of spatial statistics, spatial econometrics and the spatial behavior of economic agents at the microeconomic level.
Risk Measures and Insurance Solvency Benchmarks: Fixed-Probability Levels in Renewal Risk Models is written for academics and practitioners who are concerned about potential weaknesses of the Solvency II regulatory system.
Data Envelopment Analysis (DEA) is a relatively new "e;data-oriented"e; approach for evaluating the performances of a set of entities called Decision- Making Units (DMUs) which convert multiple inputs into multiple outputs.
This volume contains an Open Access ChapterThe Sustainability of Health Care Systems in Europe provides a comprehensive understanding of the sustainability of health systems in Europe.
