Suchergebnisse

Evolving industries are deemed essential for economic growth, but can also collapse when ill-judged decisions are made on the basis of incomplete information. This extension of the Schumpeterian approach introduces a stochastic model of industry life cycles.

This book discusses both competitive and game theory models of industry growth through new technology, innovations and new entry, and provides a comprehensive treatment of various dynamic models of entry, applications of efficiency and entry models in computers and the pharmaceuticals industry, and applied models of Differential Games

This book examines new policies for accelerating India's economic growth. This book discusses a set of dynamic strategies for growth, emphasizing the dynamic role of information technology and the New Economy. These show how new growth and the historical experiences of fast-growing Asian countries can be utilised for a new growth paradigm in India

1 Efficiency Analysis in Production -- 1.1 Partial and General Equilibrium Models -- 1.2 Production Frontier as Flexible Production Functions -- 1.3 Parametric Forms and their Econometric Estimation -- 1.4 Nonparametric Theory: Different Facets -- 1.5 Implications of Nonparametric Theory -- 2 The Nonparametric Approach -- 2.1 Convex Hull Method -- 2.2 Stochastic Micro and Macro Frontier -- 2.3 Data Envelopment Analysis -- 2.4 Consistency Approach through Data Adjustment -- 2.5 Distribution of Technical and Price Efficiency -- 3 Interface With Parametric Theory -- 3.1 Average versus Optimal Production Function -- 3.2 Estimation of Production Frontier -- 3.3 Robust Methods of Estimation -- 3.4 Data Screening and Cluster Analysis -- 3.5 Problems in Parametric Theory -- 4 Implications of Nonparametric Theory -- 4.1 Economic Implications -- 4.2 Econometrics and Minimax Frontiers -- 4.3 The Regression and Index Number Problem -- 4.4 Joint Costs and Nonlinear Frontiers -- 4.5 Efficiency Analysis in the Stochastic Case -- 5 Extensions of Nonparametric Approach -- 5.1 Economic Generalizations -- 5.2 Extensions of Data Envelopment Analysis -- 5.3 Combining Parametric and Nonparametric Models -- 5.4 Nonparametric Regression and Bootstrap Methods -- 5.5 Distribution of Technical and Price Efficiency -- 6 Applications of Nonparametric Theory -- 6.1 Production in Quasi-Market and Non-Market Systems -- 6.2 Managerial Models in Operations Research -- 6.3 Economic Development and International Trade -- 6.4 Stochastic Programming and Markov Process Models -- 6.5 Multivariate Data Analysis and Information Theory -- Author Index.

I. Introductory problems -- 1. Stochastic optimization: examples and applications -- 2. Stochastic optimization in linear economic models -- II. Linear quadratic models -- 3. Informetric analysis of dynamic decision rules in applied economic models. -- 4. Optimal output—inventory decisions in stochastic markets -- 5. A minimax policy for optimal portfolio choice -- 6. A two-period stochastic inventory model -- 7. Risk in supply response: an econometric application -- 8. Optimal portfolio investment in a dynamic horizon -- 9. Short-term industry — output behavior: an economic analysis -- III. Game theory in economics -- 10. Optimal control in limit pricing under uncertain entry -- 11. Game theory models applied to economic systems: their information structure and stability -- 12. Stochastic models in dynamic economics: problems of time inconsistency, causality and estimation -- IV. Efficiency analysis and risk aversion in economic models -- 13. Multivariate risk aversion with applications -- V. Economic planning and stochastic optimization -- 14. Uncertainty and economic planning, selective survey and appraisal -- 15. Risk aversion in decision models -- 16. Risk aversion, robustness and adaptive information in decision models -- VI. Index.