Search results for "Mathematical Economics"
showing 10 items of 240 documents
Solidarity in games with a coalition structure
2010
Abstract A new axiomatic characterization of the two-step Shapley value Kamijo (2009) is presented based on a solidarity principle of the members of any union: when the game changes due to the addition or deletion of players outside the union, all members of the union will share the same gains/losses.
Festigkeitsuntersuchungen an Gesteinen und an Gesteinsverbänden mit dem Prallhammer nach Schmidt
1985
The objective of this research program was to verify whether the rebound hammer SCHMIDT system is appropriate to furnish index-figures for the valuation of rock strength in situ.
INTRODUCING A THEORETIC MODEL AND AN EMPIRIC NORM FOR INFORMATION RISK MANAGEMENT IN DECISION MAKING
2017
Nowadays computer mediated communication (CMC) and the high volume of computed and stored information is getting a business on its own. Information is collected, aggregated, analyzed and used to create real business advantage and value but also risks within companies and also outside on the markets in a high volume. On the other hand, single individuals still need to deal and interpret this sheer mass of increasing information continuously. The change in information management and handling triggers the ongoing changes in decision makings on the operational level as well as on the strategic level. Information is a good sold itself and triggered an own industry of information brokerage. It op…
Opinion dynamics, stubbornness and mean-field games
2014
This paper studies opinion dynamics and stubbornness using mean-field game theory. Assuming an initial exponential density function and affine control policies we analyze under what conditions the Fokker-Planck equation returns an exponential density function over the horizon. Consensus and clusters formation are also studied.
An operatorial approach to stock markets
2009
We propose and discuss some toy models of stock markets using the same operatorial approach adopted in quantum mechanics. Our models are suggested by the discrete nature of the number of shares and of the cash which are exchanged in a real market, and by the existence of conserved quantities, like the total number of shares or some linear combination of cash and shares. The same framework as the one used in the description of a gas of interacting bosons is adopted.
Optimal Volume for Concert Halls Based on Ando’s Subjective Preference and Barron Revised Theories
2014
[EN] The Ando-Beranek s model, a linear version of Ando s subjective preference theory, obtained by the authors in a recent work, was combined with Barron revised theory. An optimal volume region for each reverberation time was obtained for classical music in symphony orchestra concert halls. The obtained relation was tested with good agreement with the top rated halls reported by Beranek and other halls with reported anomalies.
On a stochastic SIR model
2007
We consider a stochastic SIR system and we prove the existence, uniqueness and positivity of solution. Moreover the existence of an invariant measure under a suitable condition on the coefficients is studied.
Special Functions for the Study of Economic Dynamics: The Case of the Lucas-Uzawa Model
2004
The special functions are intensively used in mathematical physics to solve differential systems. We argue that they should be most useful in economic dynamics, notably in the assessment of the transition dynamics of endogenous growth models. We illustrate our argument on the Lucas-Uzawa model, which we solve by the means of Gaussian hypergeometric functions. We show how the use of Gaussian hypergeometric functions allows for an explicit representation of the equilibrium dynamics of the variables in level. In contrast to the preexisting approaches, our method is global and does not rely on dimension reduction.
Noether’s International School in Modern Algebra
2020
Pavel Alexandrov and Heinz Hopf met for the first time in Gottingen in the spring of 1926, soon after Alexandrov departed from Blaricum. Hopf had recently taken his doctorate in Berlin under Ludwig Bieberbach and Erhard Schmidt, and his research interests differed sharply from Alexandrov’s work in general topology.
Computing Difficulties for Deriving Poverty Indices from Some Functional Forms of Lorenz Curves
2014
We examine three families of classical one-parameter functional forms for estimating a Lorenz curve: the power form (Pareto, elementary form), the exponential form (Gupta, elementary form) and fractional form (Rohde). For the first time, we systematically study these functions not for their ability to be estimated but on the point of view of the possibility of deriving poverty indices, which implies first determining the headcount ratio (i.e., the percentage of poor). We show that computing difficulties have been largely underestimated. Two forms, the most simple ones, pose no problem: the elementary power and exponential forms. However, the Pareto functional form poses problem with a restr…