Dynamic Perspectives on Managerial Decision Making

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

4. Firm Management

   1. Front Matter

      Pages 251-251

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   2. Organizational Nimbleness and Operational Policies: The Case of Optimal Control of Maintenance Under Uncertainty

      • Ali Dogramaci, Suresh Sethi

      Pages 253-277

   3. Safety Stocks in Centralized and Decentralized Supply Chains Under Different Types of Random Yields

      • Karl Inderfurth

      Pages 279-300

   4. Dynamic Pricing Under Economic Ordering and Strategic Customers with Forward Buying and Postponement

      • Stefan Minner

      Pages 301-311

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.

• Decision making
• Decision theory
• Dynamic games
• Nonlinear dynamical systems
• Optimal control
• Supply chain management

• 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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