New Directions in Computational Economics (Paperback, Softcover reprint of the original 1st ed. 1994)

New Directions in Computational Economics brings together for the first time a diverse selection of papers, sharing the underlying theme of application of computing technology as a tool for achieving solutions to realistic problems in computational economics and related areas in the environmental, ecological and energy fields. Part I of the volume addresses experimental and computational issues in auction mechanisms, including a survey of recent results for sealed bid auctions. The second contribution uses neural networks as the basis for estimating bid functions for first price sealed bid auctions. Also presented is the `smart market' computational mechanism which better matches bids and offers for natural gas. Part II consists of papers that formulate and solve models of economics systems. Amman and Kendrick's paper deals with control models and the computational difficulties that result from nonconvexities. Using goal programming, Nagurney, Thore and Pan formulate spatial resource allocation models to analyze various policy issues. Thompson and Thrall next present a rigorous mathematical analysis of the relationship between efficiency and profitability. The problem of matching uncertain streams of assets and liabilities is solved using stochastic optimization techniques in the following paper in this section. Finally, Part III applies economic concepts to issues in computer science in addition to using computational techniques to solve economic models.

General

Imprint:	Springer
Country of origin:	Netherlands
Series:	Advances in Computational Economics, 4
Release date:	November 2012
First published:	1994
Editors:	William W. Cooper • Andrew B. Whinston
Dimensions:	240 x 160 x 13mm (L x W x T)
Format:	Paperback
Pages:	230
Edition:	Softcover reprint of the original 1st ed. 1994
ISBN-13:	978-9401043304
Categories:	Books > Business & Economics > Economics > Economic theory & philosophy Books > Business & Economics > Economics > Political economy Books > Business & Economics > Economics > Econometrics > General
LSN:	9401043302
Barcode:	9789401043304

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