Titlebook: Econometric Decision Models; New Methods of Model Josef Gruber (Chair of Statistics and Econometrics Conference proceedings 1991 Springer-V

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Optimal control of nonlinear stochastic macroeconometric models: An algorithm and an economic examplion to a small macroeconometric model of the Austrian economy. In addition to the usual additive uncertainty the algorithm allows for random parameters in the model. The optimal values of the control variables are computed in an iterative fashion: First, the time-invariant nonlinear system is linear

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Game Theoretical Approach to Optimal Control of Economic Systems planning) have forced economists to derive generalized control methods. Game theory seems to be a natural framework in such a case. As opposed to a standard optimal control solution different outcomes occur depending on the information available to players and on the mode of the play. Two types of

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On Some Properties of the Solution of the Optimal Control Problem for the Original Long — Term Macroations to the description of the long-term development for large economic systems. Principles of construction of the original macroeconomic model taking into account a non-stationary endogenous technical progress and non-renewable energy resources depletion influence on the economic growth are descr

laxative

muster

Public Preferences and Their Role in the Design of Economic Policyises such as the implied axioms of choice; the conditions for the existence of a collective preference function; the local nature of the estimates obtained; and the extent to which the results can be interpreted as preferences built up from a policy search. We distinguish between policy searches wit

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Optimal dictatorial and multi-dictatorial choice in Arrow’s model with applications to multicriteriae indicators of representativeness. We prove that there always exists an individual who, on average, represents a majority, and an individual who represents a majority in more than 50% of all possible cases..We apply this result to Arrow’s collective choice model and revise Arrow’s paradox. It follo