Softcover reprint of the original 1st ed. 2002, XII, 580 pp. 70 figs., 66 tabs.
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For some seven decades, econometrics has been almost exclusiveley dealing with constructing and applying econometric equation systems, which constitute constraints in econometric optimization models. The second major component, the scalarvalued objective function, has only in recent years attracted more attention and some progress has been made. This book is devoted to theories, models and methods for constructing scalarvalued objective functions for econometric optimization models, to their applications, and to some related topics like historical issues about pioneering contributions by Ragnar Frisch and Jan Tinbergen.
Content Level »Research
Keywords »Econometric decision model - Entscheidungsunterstützungssysteme - Nutzentheorie - Optimierung - decision support systems - econometrics - estimation of preferences - game theory - linear optimization - optimization - utility theory - Ökonometrische Entscheidungsmodelle
I Opening Speech.- Opening Remarks: A Retrospection over 35 Years of Work.- II Keynote Addresses.- Decision Models and Preferences: The Pioneering Contributions of Ragnar Frisch.- Experiments with Preference Functions.- III Representation of Preferences by Objective Functions.- On the Extension of Utility Functions.- Numerical Representation of Binary Relations with Multiplicative Error Function: A General Case.- IV Form of Objective Functions and Choice Operators.- Utility Functions, Prices, and Cost Functions on a Lattice of Information Commodities.- A Structure of Joint Irreducible Sets for Classically Rationalizable Choice Operators.- V Constructing Objective Functions from Interviews.- A Unified Model for Cardinally and Ordinally Constructing Quadratic Objective Functions.- Constructing Separable Objective Functions.- VI Optimization Issues of Objective Functions.- Constructing Utility Functions by Methods of Nondifferentiable Optimization.- Adjusting an Objective Function to a Given Optimal Solution in Linear and Linear-fractional Programming.- VII Applications of Objective Functions.- An Objective Function of Artificial Psychology for a Computer System of Fashion Fitting.- Ranking of Second-hand Policies.- Experience in Using Recursive Utility Theory.- A Model for Management of a Gas-field.- Constructing Quadratic Objective Functions by Linear Programming with an Application to Pure Exchange.- Choice of Customer Products on the Basis of a Decision Model.- VIn Objective Functions of Economic Policy.- Decision Support Multifunctional System “Ukrainian Budget”.- Towards an Objective Function for Slovenian Fiscal Policy-making: A Heuristic Approach.- IX Resource Allocation with Objective Functions.- On Distributed Resource Allocation in a Communication System.- Social Equilibria for Competitive Resource Allocation Models.- Reallocation of Budgets with an Objective function.- X Consumer Behavior and Equilibrium Applications.- A Generalization of the Nonparametric Method in Case of Trade Statistics not Satisfying the Hypothesis of Rational Behavior.- Variation Principles in Models of Economic Equilibrium.- Uniformly Most Powerful Tests for Optimum Equilibrium.- XI Objective Functions in Game Theory.- A Family of the Least Power Values for Cooperative TU Games.- Goal Programming Solutions Generated by Utility Functions.- Social Welfare Functions for Different Subgroup Utility Scales.- XII Decision Support Systems.- Statistical Games for Discrete Distributions.- A Computer Program for Constructing Quadratic Objective Functions.- Conference Participants Foto by Andranik Tangian.