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Dynamic Perspectives on Managerial Decision Making

Essays in Honor of Richard F. Hartl

  • Book
  • © 2016

Overview

Editors:
  1. Herbert Dawid

    1. Department of Business Administration and Economics and Center for Mathematical Economics, Bielefeld University, Bielefeld, Germany

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  2. Karl F. Doerner

    1. Department of Business Administration, University of Vienna, Vienna, Austria

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  3. Gustav Feichtinger

    1. Institute of Statistics and Mathematical Methods in Economics, Vienna University of Technology, Vienna, Austria

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  4. Peter M. Kort

    1. Department of Econometrics and Operations Research & CentER, Tilburg University, Tilburg, The Netherlands

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  5. Andrea Seidl

    1. Department of Business Administration, University of Vienna, Vienna, Austria

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  • Presents a dynamic perspective on decision making by economic agents
  • Addresses both operational and strategic challenges firms face
  • Highlights new developments in a wide range of methods covered, including optimal control, dynamic games, meta-heuristics
  • Includes supplementary material: sn.pub/extras

Part of the book series: Dynamic Modeling and Econometrics in Economics and Finance (DMEF, volume 22)

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Table of contents (27 chapters)

  1. Front Matter

    Pages i-vii
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  2. Introduction

    • Herbert Dawid, Karl F. Doerner, Gustav Feichtinger, Peter M. Kort, Andrea Seidl
    Pages 1-7

  3. Economic Dynamics

    1. Front Matter

      Pages 9-9
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    2. Dynamic Drug Policy: Optimally Varying the Mix of Treatment, Price-Raising Enforcement, and Primary Prevention Over Time

      • Jonathan P. Caulkins, Gernot Tragler
      Pages 11-35

    3. Economics of Talent: Dynamics and Multiplicity of Equilibria

      • Yuri Yegorov, Franz Wirl, Dieter Grass, Andrea Seidl
      Pages 37-61

    4. Skiba Phenomena in Markov Perfect Equilibria of Asymmetric Differential Games

      • Herbert Dawid, Michel Y. Keoula, Peter M. Kort
      Pages 63-76

    5. A Dynamic Advertising Game with Market Growth

      • Steffen Jørgensen, Simon Pierre Sigué
      Pages 77-91

    6. Managerial Delegation in a Dynamic Renewable Resource Oligopoly

      • Luca Lambertini
      Pages 93-107

    7. Optimal Growth with Polluting Waste and Recycling

      • Raouf Boucekkine, Fouad El Ouardighi
      Pages 109-126

    8. Handling the Complexity of Predator-Prey Systems: Managerial Decision Making in Urban Economic Development and Sustainable Harvesting

      • Birgit Bednar-Friedl, Doris A. Behrens, Dieter Grass, Olivia Koland, Ulrike Leopold-Wildburger
      Pages 127-148

    9. On Optimal Harvesting in Age-Structured Populations

      • Anton O. Belyakov, Vladimir M. Veliov
      Pages 149-166

    10. Maximizing Female Labor Force Participation in a Stationary Population

      • Elke Moser, Alexia Prskawetz, Gustav Feichtinger, Bilal Barakat
      Pages 167-188

    11. Multiplicity of Balanced Growth Paths in an Endogenous Growth Model with Elastic Labor Supply

      • Gerhard Sorger
      Pages 189-200

    12. Fiscal and Monetary Policies in a Monetary Union: Conflict or Cooperation?

      • Dmitri Blueschke, Reinhard Neck
      Pages 201-216

    13. On the Optimal Trade-Off Between Fire Power and Intelligence in a Lanchester Model

      • A. J. Novák, G. Feichtinger, G. Leitmann
      Pages 217-231

    14. Drivers of the Change in Social Welfare in European Countries

      • Mikuláš Luptáčik, Eduard Nežinský, Martin Lábaj
      Pages 233-249
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Keywords

About this book

This volume collects research papers addressing topical issues in economics and management with a particular focus on dynamic models which allow to analyze and foster the decision making of firms in dynamic complex environments. The scope of the contributions ranges from daily operational challenges firms face to strategic choices in dynamic industry environments and the analysis of optimal growth paths. The volume also highlights recent methodological developments in the areas of dynamic optimization, dynamic games and meta-heuristics, which help to improve our understanding of (optimal) decision making in a fast evolving economy.

Editors and Affiliations

  • Department of Business Administration and Economics and Center for Mathematical Economics, Bielefeld University, Bielefeld, Germany

    Herbert Dawid

  • Department of Business Administration, University of Vienna, Vienna, Austria

    Karl F. Doerner, Andrea Seidl

  • Institute of Statistics and Mathematical Methods in Economics, Vienna University of Technology, Vienna, Austria

    Gustav Feichtinger

  • Department of Econometrics and Operations Research & CentER, Tilburg University, Tilburg, The Netherlands

    Peter M. Kort

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