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New Directions in Computational Economics

  • Book
  • © 1994

Overview

Editors:
  1. W. W. Cooper

    1. University of Texas at Austin, USA

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    You can also search for this editor in PubMed   Google Scholar

  2. A. B. Whinston

    1. University of Texas at Austin, USA

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    You can also search for this editor in PubMed   Google Scholar

Part of the book series: Advances in Computational Economics (AICE, volume 4)

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Table of contents (11 chapters)

  1. Front Matter

    Pages i-xiii
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  2. Experimental and Computational Methods for Auction Mechanisms

    1. Front Matter

      Pages 1-1
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    2. Sealed Bid Auctions and Economic Market Games

      • Gerald L. Thompson
      Pages 3-17

    3. The Use of Artificial Neural Networks for Estimation of Decision Surfaces in First Price Sealed Bid Auctions

      • Robert E. Dorsey, John D. Johnson, Mark V. Van Boening
      Pages 19-40

    4. Designing a Real Time Computer Assisted Auction for Natural Gas Networks

      • Stephen Rassenti, Vernon Smith, Kevin McCabe
      Pages 41-54

  3. Modeling Computational Economic Systems

    1. Front Matter

      Pages 55-55
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    2. Nonconvexities in Stochastic Control Models: An Analysis

      • Hans M. Amman, David A. Kendrick
      Pages 57-94

    3. The Modeling and Computation of Generalized Goal Programming Problems

      • Anna Nagurney, Sten Thore, Jie Pan
      Pages 95-120

    4. Polyhedral Assurance Regions with Linked Constraints

      • R. G. Thompson, Robert M. Thrall
      Pages 121-133

    5. Integrating Assets and Liabilities for Large Financial Organizations

      • John M. Mulvey
      Pages 135-150

  4. Economic Modeling and Computational Systems

    1. Front Matter

      Pages 151-151
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    2. Economic Decision Theory as a Paradigm for the Construction and Evaluation of Algorithms and Information Systems

      • James C. Moore, William B. Richmond, Andrew B. Whinston
      Pages 153-173

    3. A General Economic Equilibrium Model of Distributed Computing

      • Dale O. Stahl, Andrew B. Whinston
      Pages 175-189

    4. International Trade, Capital Flows and Sectoral Analysis: Formulation and Solution of Intertemporal Equilibrium Models

      • Alan S. Manne, Thomas F. Rutherford
      Pages 191-205

    5. Stochastic Control of Nonlinear Economic Models

      • Reinhard Neck, Josef Matulka
      Pages 207-226

  5. Back Matter

    Pages 227-231
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Keywords

About this book

New Directions in Computational Economics brings together for the first time a diverse selection of papers, sharing the underlying theme of application of computing technology as a tool for achieving solutions to realistic problems in computational economics and related areas in the environmental, ecological and energy fields.
Part I of the volume addresses experimental and computational issues in auction mechanisms, including a survey of recent results for sealed bid auctions. The second contribution uses neural networks as the basis for estimating bid functions for first price sealed bid auctions. Also presented is the `smart market' computational mechanism which better matches bids and offers for natural gas.
Part II consists of papers that formulate and solve models of economics systems. Amman and Kendrick's paper deals with control models and the computational difficulties that result from nonconvexities. Using goal programming, Nagurney, Thore and Pan formulate spatial resource allocation models to analyze various policy issues. Thompson and Thrall next present a rigorous mathematical analysis of the relationship between efficiency and profitability. The problem of matching uncertain streams of assets and liabilities is solved using stochastic optimization techniques in the following paper in this section.
Finally, Part III applies economic concepts to issues in computer science in addition to using computational techniques to solve economic models.

Editors and Affiliations

  • University of Texas at Austin, USA

    W. W. Cooper, A. B. Whinston

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