A5007731846- Economic theories and models
- Economic Theory and Policy
- Economic Growth and Productivity
- Monetary Policy and Economic Impact
- Climate Change Policy and Economics
- Fiscal Policy and Economic Growth
- Complex Systems and Time Series Analysis
- Game Theory and Applications
- Stochastic processes and financial applications
- Scheduling and Optimization Algorithms
- Advanced Thermodynamics and Statistical Mechanics
- Supply Chain and Inventory Management
- Economic Theory and Institutions
- Optimization and Variational Analysis
- Housing Market and Economics
- Game Theory and Voting Systems
- Decision-Making and Behavioral Economics
- Income, Poverty, and Inequality
- Advanced Queuing Theory Analysis
- Economic Policies and Impacts
- Mathematical Dynamics and Fractals
- Auction Theory and Applications
- Fiscal Policies and Political Economy
- Advanced Manufacturing and Logistics Optimization
- Risk and Portfolio Optimization
University of Vienna
2011-2023
Vienna University of Economics and Business
2003-2023
TU Wien
1986-2010
Universidad de Londres
2000-2003
Queen Mary University of London
1999-2002
Université de Montréal
1996
University of Toronto
1989-1991
University of Augsburg
1987
We consider a class of nonlinear dynamic economic models in which the actual realizations certain variable (e.g., price) depend on agents' expectations about this variable. define consistent equilibrium (CEE) by property that sample average and autocorrelations law motion equal perceived motion. Along CEE agent's are thus self-fulfilling terms observable autocorrelations. Restricting ourselves to case beliefs described an AR(1) process, we study existence stability three different types CEE:...
We extend the model of insecure property rights by Tornell and Velasco (1992) Lane (1999) adding three features: (i) extracting common asset involves a private appropriation cost, (ii) agents derive utility from wealth as well consumption, (iii) can be heterogeneous. show that both an increase in cost and, when costs vary across agents, degree heterogeneity these reduce growth rate public capital stock. also that, interior equilibrium, have either lower or higher money return than asset.
Management of process improvement activities is an essential part the manufacturing strategy a firm to remain globally competitive in long run. This paper considers environment where require use productive capacity addition other investments. Thus must allocate its between production and activities. The output used meet customer demand. Process improve quality output, which turn leads lower related costs (both internal external) possibly per-unit cost. It assumed that demand function...
Convenience goods are bought without much consideration or effort on the part of consumer. Buyers don't try to get best bargain when purchasing individual convenience items. Instead, they adapt their store choice habits so that can expect, average, good value for money in long run. Store is governed by aggregate information which received price levels stores. This embodied images. A image defined subsequent paper as a perceived difference between store's level and reference consumers expect...
The equilibrium selection model of Matsui and Matsuyama (1995), which is based on rational players who maximise their discounted future payoff, analysed with the help an associated differential game. Equilibrium results are derived for games a ½-dominant equilibrium, potential function, some simple supermodular games.