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Your search keyword '"Economics - General Economics"' showing total 3 results
Start Over Descriptor "Economics - General Economics" Language german
3 results on '"Economics - General Economics"'

1. \'Uber wissenschaftliche Exzellenz und Wettbewerb

Author

Schweiger, Gerald

Subjects
Economics - General Economics
Abstract

The pursuit of excellence seems to be the True North of academia. What is meant by excellence? Can excellence be measured? This article discusses the concept of excellence in the context of research and competition., Comment: in German language

Published
2023

2. How the 'Auction Cube' Supports the Selection of Auction Designs in Industrial Procurement

Author

Berz, Gregor, Rupp, Florian, and Sieben, Brian

Subjects
Economics - General Economics
Abstract

It is well known that rightly applied reverse auctions offer big commercial potential to procurement departments. However, the sheer number of auction types often overwhelms users in practice. And since the implications of a wrongly chosen auction type are equally well known, the overall usage of reverse auctions lacks its potential significantly. In this paper, a novel method is being proposed that guides the user in selecting the right combination of basic auction forms for single lot events, considering both market-, as well as supplier-related, bijective criteria., Comment: 32 pages, in German, 3 figures, 9 tabels

Published
2021

3. The Welfare of Ramsey Optimal Policy Facing Auto-Regressive Shocks

Author

Jean-Bernard Chatelain, Ralf, K., Paris School of Economics (PSE), Paris Jourdan Sciences Economiques (PJSE), Université Panthéon-Sorbonne (UP1)-École normale supérieure - Paris (ENS Paris)-École des hautes études en sciences sociales (EHESS)-École des Ponts ParisTech (ENPC)-Centre National de la Recherche Scientifique (CNRS)-Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement (INRAE), Ecole Supérieure du Commerce Extérieur - ESCE, International business school, École des Ponts ParisTech (ENPC)-École normale supérieure - Paris (ENS Paris), Université Paris sciences et lettres (PSL)-Université Paris sciences et lettres (PSL)-Université Paris 1 Panthéon-Sorbonne (UP1)-Centre National de la Recherche Scientifique (CNRS)-École des hautes études en sciences sociales (EHESS)-Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement (INRAE), Université Paris 1 Panthéon-Sorbonne (UP1)-École normale supérieure - Paris (ENS Paris), Université Paris sciences et lettres (PSL)-Université Paris sciences et lettres (PSL)-École des hautes études en sciences sociales (EHESS)-École des Ponts ParisTech (ENPC)-Centre National de la Recherche Scientifique (CNRS)-Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement (INRAE), and Ecole Supérieure du Commerce Extérieur - ESCE, INSEEC U. Research Center

Subjects
Computer Science::Computer Science and Game Theory, General Economics (econ.GN), Welfare, JEL: C - Mathematical and Quantitative Methods/C.C6 - Mathematical Methods • Programming Models • Mathematical and Simulation Modeling/C.C6.C62 - Existence and Stability Conditions of Equilibrium, FOS: Economics and business, JEL: E - Macroeconomics and Monetary Economics/E.E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit/E.E5.E52 - Monetary Policy, C73, JEL: C - Mathematical and Quantitative Methods/C.C6 - Mathematical Methods • Programming Models • Mathematical and Simulation Modeling/C.C6.C61 - Optimization Techniques • Programming Models • Dynamic Analysis, FOS: Mathematics, ddc:330, JEL: E - Macroeconomics and Monetary Economics/E.E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook/E.E6.E63 - Comparative or Joint Analysis of Fiscal and Monetary Policy • Stabilization • Treasury Policy, Mathematics - Optimization and Control, E52, JEL: E - Macroeconomics and Monetary Economics/E.E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook/E.E6.E61 - Policy Objectives • Policy Designs and Consistency • Policy Coordination, Economics - General Economics, augmented linear quadratic regulator, JEL: C - Mathematical and Quantitative Methods/C.C7 - Game Theory and Bargaining Theory/C.C7.C73 - Stochastic and Dynamic Games • Evolutionary Games • Repeated Games, Ramsey optimal policy, algorithm, forcing variables, [SHS.ECO]Humanities and Social Sciences/Economics and Finance, new-Keynesian Phillips curve, C61, JEL: E - Macroeconomics and Monetary Economics/E.E4 - Money and Interest Rates/E.E4.E47 - Forecasting and Simulation: Models and Applications, C62, E61, Optimization and Control (math.OC), [MATH.MATH-OC]Mathematics [math]/Optimization and Control [math.OC], E47, Autoregressive shocks, E63, Stackelberg dynamic game
Abstract

International audience; With non-controllable auto-regressive shocks, the welfare of Ramsey optimal policy is the solution of a single Riccati equation of a linear quadratic regulator. The existing theory by Hansen and Sargent (2007) refers to an additional Sylvester equation but miss another equation for computing the block matrix weighting the square of non-controllable variables in the welfare function. There is no need to simulate impulse response functions over a long period, to compute period loss functions and to sum their discounted value over this long period, as currently done so far. Welfare is computed for the case of the new-Keynesian Phillips curve with an auto-regressive cost-push shock. JEL classi…cation numbers: C61, C62, C73, E47, E52, E61, E63.

Published
2020

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