Search Results for optimization

...Thomas Michael Mueller Harold Hotelling’s work, from natural resources economics to optimal taxation, and from spatial to welfare economics, was deeply influenced by his Georgist affiliation and by a Georgist game that we now call Monopoly, which at the time was known as the Landlord’s Game. We...

... . Cambridge: Cambridge University Press. Dupor, B. 2001 . Investment and Interest Rate Policy. Journal of Economic Theory 98 : 85 -113. Fane, G. 1985 . A Derivation of the IS-LM Model from Explicit Optimizing Behavior. Journal of Macroeconomics 7 : 493 -508. Fischer, S. 1987 . 1944, 1963...

... “solutions feasibility,” the use of a quadratic loss function to characterize the behavior of central banks also inaugurated an objective way of talking about optimality. In this respect, the tool stabilized the discourse on optimal monetary policy. Correspondence may be addressed to Pedro Garcia Duarte...

.... James 1984 . Decision Making and Postdecision Surprises. Administrative Science Quarterly 29 . 1 : 26 -42. Hey , John D. 1984 . The Economics of Optimism and Pessimism: A Definition and Some Applications. Kyklos 37 . 2 : 181 -205. Keynes , John Maynard. 1936 . General Theory...

...., and the theory of optimal input choice Christopher Ross Bell I. Introduction On the fourth of July 1828 the first rail of America’s first railroad was laid; eleven years later, Charles Ellet, Jr. (1810-1862), a distinguished Philadelphia engineer, began a series...

... 0 1987 by Duke University Press CCC 00 18-2702/87/$1.50 Schumpeter plus optimism equals Gilder (ceteris paribus) Spencer J. Pack My article argues that Wealth and poverty (198 1) by the amateur but influ- ential economist George Gilder can...

.... Wold , K. Getz . 1941 . Kosthold og levestandard. En ∗∗∗konomisk unders∗∗∗kelse (Nutrition and the standard of living. An economic investigation). Oslo: Fabritius. Ragnar Frisch on the Optimal Diet Agnar Sandmo Although Ragnar Frisch won international recognition as a pioneer...

...-of-Payments Adjustment Problems? HOPE , this issue. Bickerdike’s Theory of Incipient and Optimal Tariffs John S. Chipman 1. Introduction The “elasticity approach” to the theory of international trade and pay- ments had peculiar beginnings. Its originator, Charles F. Bickerdike...

...Richard E. Ericson This article discusses the perhaps most systematic attempt to develop mathematical methods for use in planning and management of the Soviet economy: the system for optimal functioning of the economy (SOFE). The intellectual ferment of the post-Stalin “thaw,” and increasing...

.... In conclusion, the essays are informative, stimulating and well executed with an economy of style. St. Lawrence University JEFFREY T. YOUNG Socialism, planning and optimality: a study in Soviet economic thought. By Pekka Sutela. Helsinki: Finnish Society of Science...

...Murray C. Kemp; Koji Shimomura Correspondence may be addressed to Murray C. Kemp, School of Economics,University of New South Wales, Sydney 2052, Australia. Duke University Press 2000 An Antiquarian Note on Optimal Tariffs Murray C. Kemp and KojiShimomura The notion that a single...

...Jan Graaff Optimal Tariffs Revisited Jan Graaff This issue of HOPE contains two contributions commenting on a paper I wrote over fifty years ago. One is by Murray Kemp and Koji Shimo- mura; the other, by Ed Tower and John Gilbert. Both are incisive and sympathetic. I have been asked...

... of the leading figures in mathematical economics and general equilibrium theory in the Soviet Union and post-Soviet Russia. His papers on the abstract models of exchange, dynamic general equilibrium and optimal growth theory, excess demand correspondences, monotonicity of demand functions, and disequilibrium...

... as during his period in Geneva at the League of Nations. Crucial in Tinbergen's work on order is the optimal set of institutions, a so-called optimal order, that specifies the right level of centralization and decentralization in economic decision making. This focus on order is an important move away from...

... the Western analyses of disequilibria, proposed rationing mechanisms capable, under some conditions, of bringing a system to the state of equilibrium. However, in a fixed-price economy, equilibria are not necessarily optimal or effective; therefore specific observational and analytic procedures aiming...

..., the founders of the optimal growth model and those bringing recursive methods to macroeconomics in the 1950s and 1960s, and, finally, those who reacted against this utilitarian approach to social planning problems. With this I hope to shed some historical light on how a practice that was condemned as ethically...

... also briefly consider his treatment of public expenditure in Economics: An Introductory Analysis over the same period. We find that from the beginning of his career to the end of the 1960s Samuelson moved from optimism that a new age of scientific progress in economics was imminent to a view so...

... of intertemporal optimization and rational expectations. [email protected] [email protected] [email protected] Copyright 2023 by Duke University Press 2023 Euler equation random-walk hypothesis drifting influence consumption...

...Jeff E. Biddle; Daniel S. Hamermesh We identify three separate stages in the post–World War II history of applied microeconomic research: a generally nonmathematical period; a period of consensus (1960s through early 1990s) characterized by the use of mathematical models, optimization...

... thought: (1) his unusually ambitious and modern ideas about economic development, (2) his distinctive view that China’s economic development required (properly managed) foreign help, and (3) his optimism about the prospects for international cooperation in the immediate post–World War I context. Sun...