Econometric decision models : proceedings of a conference, held at the University of Hagen, West Germany, June 19-20, 1981

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Econometric decision models : proceedings of a conference, held at the University of Hagen, West Germany, June 19-20, 1981

edited by Josef Gruber

(Lecture notes in economics and mathematical systems, 208)

Springer-Verlag, 1983

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注記

Includes bibliographies

内容説明・目次

内容説明

This proceedings volume contains papers presented at the conference on econometric decision models held at the University of Hagen (= Fern- Universitat), June 19-20, 1981. Included are also two papers by authors from abroad which could not be presented during the conference: one by E.O. Heady et al. from the USA and one by H. and J. Wallenius from Finland. The authors of the 18 papers/extended abstracts included in this volume are econometricians, economists and operations researchers. The papers were contributed by scientists from the following coun- tries: West Germany (10 papers), The United States (3 papers), The Netherlands (2 papers), Finland (1 paper), Switzerland (1 paper) and Yugoslavia (1 paper). Although all but one authors come from universities, the audience of the conference also came from economic agencies at the federal and state level. This composition of the audience made for a fruitful exchange of ideas on the possibility and necessity of improving econo- metric decision models so that these models may play a greater role in practical policy decision making. Some further remarks on this topic can be found in the introductory paper of this volume. For providing financial support of the conference, I wish to thank the University of Hagen (and the taxpayer in the State of Northrhine-West- falia), the 'Gesellschaft der Freunde der FernUniversitat" (= Society of the Friends of the University of Hagen), and several banks.: Commerzbank Hagen, Commerzbank Hohenlimburg, Sparkasse Hagen, Volks- bank Hagen.

目次

Introduction: Towards observed preferences in econometric decision models.- Problem Area 1: Econometric decision models in theory and practice: experiences and problems in large-scale applications, recent developments in theory and methods (except those of problem areas 2 and 3 below).- The "optimal" control of the RWI-model.- Optimal stabilization with a quarterly model of the Federal Republic of Germany.- Some experiences with the control of a macroeconometric model with a scalarvalued objective function from the viewpoint of applied economic research.- An application of optimal control to a small model of politico-economic interaction.- Evaluating macroeconomic policy: Optimal control solutions versus suboptimal alternatives.- Adaptive control of macroeconomic models (abstract).- A fine-tuning scheme for economic decision rules.- A control-theoretic analysis for a small econometric model of the Federal Republic of Germany.- The asymptotic distribution of optimal policy feedback coefficients.- Conflict, cooperation and social preference functions.- Decentralized control strategies for large-scale discrete-time systems.- A recursive adaptive hybrid model for national and interregional analysis.- Problem Area 2: Methods for obtaining the weights and target values in the scalarvalued objective function of (e. g. ) the linea-quadratic econometric decision model.- A study of adaptive revision of target values in an econometric decision model.- The measurement of quadratic preference functions with small samples.- The determination of collective preferences in economic decision models: With an application to Soviet economic policy.- Problem Area 3: Methods for avoiding the necessity of explicitly specifying and quantifying a scalarvalued objective function before solving the econometric decision model.- Interactive solution of multiple objective, dynamic, macroeconomic stabilization problems: A comparative study.- A methodology for solving the multiple criteria macroeconomic policy problem.- The interactive multiobjective optimization method by Elemer E. Rosinger: A computer program and aspects of applications.

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