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This book includes a collection of articles that present recent developments in the fields of optimization and dynamic game theory, economic dynamics, dynamic theory of the firm, and population dynamics and non standard applications of optimal control theory. The authors of the articles are well respected authorities in their fields and are known for their high quality research in the fields of optimization and economic dynamics.
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The present book is the offspring of my Habilitation, which is the key to academic tenure in Austria. Legal requirements demand that a Ha bilitation be published and so only seeing it in print marks the real end of this biographical landmark project. From a scientific perspective I may hope to finally reach a broader audience with this book for a criti cal appraisal of the research done. Aside from objectives the book is a reflection of many years of research preceding Habilitation proper in the field of efficiency measurement. Regarding the subject matter the main intention was to fill an important remaining gap in the efficiency analysis literature. Hitherto no technique was available to e...
'Useful reading for green policy-makers and CEOs, who may discover that they can have their profits - and their environment too.' - Business Today Many questions related to environmental economics and policy are still open including the definition of goals, the choice of instruments, the impacts of environmental policies and the levels at which different environmental problems should be addressed. The papers collected in the book are intended to stimulate further discussion on some of these issues and to bring together studies in specific areas of environmental policy and from all around Europe. Following the introduction by the editors, the papers fall into four main areas: the evaluation of environmental damages and costs, the relationship between international trade and the environment, the analysis of incentive systems and the problem of sustainable development.
This is a thorough revision of the 2007 publication, and includes five new chapters and brings all existing chapters completely up to date. There have been many advances in hydropower and renewable technologies since the original publication, and Europe, and particularly Scandinavia, plan many more in the coming years. From a review of the original edition: “... it is important to note that the author deals well with his selected topics. ... I recommend this book to all readers who wish to learn more about the economics of hydroelectric power." (Amitrajeet A. Batabyal, Interfaces, Vol. 39 (1), January-February, 2009)
There are few more urgent topics in today’s world, so full of ecological uncertainty. Hydropower Economics uses various econometric measures to examine sustainable alternative energy sources. It kicks off by modeling hydropower, yes, but it does not end there. Forsund has extended his model to include thermal power and wind power, too – forms of alternative energy that are taking on an ever larger profile.
This volume is the result of a conference held at the Institute for Advanced Studies, Vienna. There is still a gap reflected both in fundamental meth odological differences and in the style of analysis between the Walrasian (and Edgeworthian) tradition of general equilibrium theory and the theo retical and policy problems raised in the framework of Keynesian and post-Keynesian macroeconomics. The conference succeeded in bringing together economic theorists working in fields ranging from abstract prob lems of mathematical equilibrium analysis to applied macroeconomic theory, and it is hoped that the present volume will contribute to bridging the above-mentioned hiatus. As organizer of the mee...
This book provides an introduction to incorporating preference information in Data Envelopment Analysis (DEA) with a special emphasis in Value Efficiency Analysis. In addition to theoretical considerations, numerous illustrative examples are included. Hence, the book can be used as a teaching text as well. Only a modest mathematical background is needed to understand the main principles. The only prerequisites are a) familiarity with linear algebra, especially matrix calculus; b) knowledge of the simplex method; and c) familiarity with the use of computer software. The book is organized as follows. Chapter 1 provides motivation and introduces the basic concepts. Chapter 2 provides the basic ...
The integration of market economies is one of the most remarkable features of international economics, which has important implications for macroeconomic performance in open economies. Equally important is the declining relevance of the real versus the monetary theory dichotomy. These papers focus on those aspects of monetary policy which relate to credibility and non-neutrality; the domestic adjustment to foreign shocks; the interdependence of open economies and their strategic interactions. An important section is also devoted to the innovative modelling of exchange rate dynamics.
Over the last 30 years, the Inforum approach to macro modelling has been shared by economists worldwide. Researchers have focussed much of their efforts to developing a linked system of international interindustry models with a consistent methodology. A world-wide network of research associates use the same methods and software obtaining comparable results. The XXth Inforum World Conference was held in Florence in September 2012 and this book contains a selection of papers presented during that Conference. All these contributions are aimed at policymakers, stakeholders, and applied economists. Some papers are devoted to specific topics (total factor productivity, energy issues, external linkages, demographic changes) and some others are oriented to macro model building and simulations.