Game Theory in International Economics

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Author: J. McMillan

Publisher: Taylor & Francis

ISBN: 1136454446

Category: Business & Economics

Page: 120

View: 4122

This book gives an early demonstration of applications of game theory to international economics - applications that were to transform this area during the 1990s.

Nationale Besteuerung und wirtschaftliche Integration

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Author: Wolfgang Eggert

Publisher: Mohr Siebeck

ISBN: 9783161477850

Category: Business & Economics

Page: 213

View: 710

English summary: The past two decades were characterized by a rapid increase in international capital mobility that raised concerns worldwide about the sustainability of capital income taxation. Distortions of economic activities caused by fiscal competition have led to numerous calls for international tax coordination measures to eliminate unfair tax competition. However, there seems to be little readiness for a further reduction in tax autonomy among countries in order to support the collection of revenues in their neighboring countries. Moreover, isolated measures in a subset of countries, such as for example the E.U., generally have little or no effect, since they will be circumvented in the global market. In this work, Wolfgang Eggert addresses the complex issue in which tax competition is economically harmful and a global, second-best welfare optimum is only attainable through tax coordination measures. German description: Wie wirkt sich die zunehmende internationale Mobilitat von Kapital, Unternehmen und Konsumenten auf den fiskalischen Handlungsspielraum von Nationalstaaten aus? Lassen sich die in jungster Zeit in vielen OECD Landern durchgefuhrten Steuerreformmassnahmen erklaren? Wolfgang Eggert verwendet die Methodik aus der Theorie zur internationalen Besteuerung, um diese Fragen zu diskutieren. Er zeigt zunachst, unter welchen Voraussetzungen im Steuerwettbewerb zwischen Landern eine aus internationaler Sicht effiziente Ressourcenallokation erreicht wird. Erfolgversprechend sind vor allem Steuersysteme, die den Zugriff auf das weltweite Einkommen von Inlandern erlauben. Ist ein so charakterisiertes Steuersystem nicht implementierbar, dann wird die internationale Wettbewerbsfahigkeit eines Landes beeintrachtigt. Das fuhrt zu der Tendenz, dass Lander durch Steuersenkungen in einen internationalen Wettbewerb um mobile Steuerbasen eintreten und die Gegenfinanzierung durch Steuern auf immobile Produktionsfaktoren erfolgt. Wolfgang Eggert untersucht die jungsten Vorschlage zur Steuerharmonisierung in der EU und kommt zu dem Schluss, dass auch diese nur eingeschrankt wirkungsvoll sind. Er zeigt jedoch auf, dass zumindest bei vollstandiger internationaler Haushaltsmobilitat eine den Landern ubergeordnete Instanz zur Durchsetzung der Transferzahlungen nicht erforderlich ist. Die Analyse schliesst mit einer Diskussion der Interaktionen zwischen Guter- und Kapitalsteuern.

International Economics I.

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Author: MCMILLAN,J. Lesourne,Earl L. Grinols,H. Sonnenschein,Motoshige Itoh,Takashi Negishi

Publisher: Psychology Press

ISBN: 9780415269087

Category: Business & Economics

Page: 103

View: 1087

First published in 2002. Routledge is an imprint of Taylor & Francis, an informa company.

Harwood Fundamentals of Pure and Applied Economics

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Author: J. Lesourne,H. Sonnenschein

Publisher: Psychology Press

ISBN: 9780415269070

Category: Business & Economics

Page: 8200

View: 4667

The Harwood Fundamentals of Pure and Applied Economics series was a groundbreaking attempt to provide a comprehensive overview of modern economics. A series of short books - arranged into thematic sections - provides state-of-the-art accounts of key areas within the discipline. Although never completed, the series produced several landmark books. It is notable for: * charting the emergence of vibrant new areas of economics (eg 'positive' political economy) * the numerous examples it gives of major innovations like game theory and the new institutional economics re-vitalizing traditional areas of economics * attracting some of the most talented economists of its generation, including Avinash Dixit, Drew Fudenberg, Thomas Palfrey and Jean Tirole This collection reprints the series in its entirety, making all titles available in hardback for the first time, either as individual volumes, or bound together in mini-sets organized by sub-discipline.

Cooperative Stochastic Differential Games

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Author: David W.K. Yeung,Leon A. Petrosjan

Publisher: Springer Science & Business Media

ISBN: 038727622X

Category: Business & Economics

Page: 242

View: 8556

Numerical Optimization presents a comprehensive and up-to-date description of the most effective methods in continuous optimization. It responds to the growing interest in optimization in engineering, science, and business by focusing on the methods that are best suited to practical problems. For this new edition the book has been thoroughly updated throughout. There are new chapters on nonlinear interior methods and derivative-free methods for optimization, both of which are used widely in practice and the focus of much current research. Because of the emphasis on practical methods, as well as the extensive illustrations and exercises, the book is accessible to a wide audience. It can be used as a graduate text in engineering, operations research, mathematics, computer science, and business. It also serves as a handbook for researchers and practitioners in the field. The authors have strived to produce a text that is pleasant to read, informative, and rigorous - one that reveals both the beautiful nature of the discipline and its practical side.

Dynamic Policy Games in Economics

Essays in Honour of Piet Verheyen

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Author: Frederick Van der Ploeg

Publisher: North Holland

ISBN: 9780444873873

Category: Business & Economics

Page: 329

View: 8152

Calculus and Techniques of Optimization with Microeconomic Applications

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Author: John Hoag

Publisher: World Scientific

ISBN: 9812774939

Category: Mathematics

Page: 368

View: 1320

This textbook is designed as a guide for students of mathematical economics, with the aim of providing them with a firm foundation for further studies in economics. A substantial portion of the mathematical tools required for the study of microeconomics at the graduate level is covered, in addition to the standard elements of microeconomics and various applications. Theorems and definitions are clearly explained with numerous exercises to complement the text and to help the student better understand and master the principles of mathematical economics.

Finding Alpha

The Search for Alpha When Risk and Return Break Down

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Author: Eric Falkenstein

Publisher: John Wiley & Sons

ISBN: 9780470495377

Category: Business & Economics

Page: 298

View: 6365

Praise for Finding Alpha "Eric Falkenstein is more than one of the smartest and funniest people in finance. He's been a banker, a key model builder at a major rating agency, and a hedge fund trader. In this tour de force, he outlines the successes and failures of financial theory applications in the real world from the perspective of an aggressive early adopter of the best ideas in finance. To this day, I think Eric's private firm default model is one of the best papers ever published in applied finance, and this wonderful book falls into the same category." —Donald R. van Deventer, PhD, founder and Chief Executive Officer, Kamakura Corporation "People dismissed Columbus when he said the world was round. Thank goodness he persisted. Like Columbus, Falkenstein challenges standard thinking, only this time about risk and reward. As the meltdown of the capital markets has shown, the financial industry clearly missed something with regard to risk management. As an industry, we need to consider alternative theories on risk, and clearly Falkenstein is on to something here. Agree with him or not, Finding Alpha is worth a read." —Kevin M. Blakely, President and CEO,The Risk Management Association "Writing through the lens of an experienced practitioner, Falkenstein digests decades of research in capital markets, financial economics, and investment psychology that have shaped modern investment theory. This text is an excellent companion for portfolio managers, investment students, or anyone seeking to better understand the relationship between risk, returns, and financial reward." —Todd Houge, PhD, CFA, The University of Iowa How do we find alpha whenrisk does not correlate with return? Finding Alpha is a practical guide to achieving alpha when conventional measures of risk rarely correlate with higher returns. Author Eric Falkenstein-a PhD who has also been a risk manager and portfolio manager—tells the story of alpha from its beginnings to its current reversal, where risk is now evidenced by return as opposed to vice versa. Falkenstein begins by walking readers through the Capital Asset Pricing Model (CAPM), as well as other well-documented theories about risk and return, and explores how these theories measure up to current empirical evidence being documented by researchers and academics. He also outlines a novel approach to the issues of how benchmark risk and investor overconfidence affects expected asset returns, how to understand the nature of alpha and risk, and how to use practical applications of alpha-seeking strategies that he developed as a successful hedge fund manager. Finding Alpha concludes by outlining some real-life applications of alpha in finance and explains how the search for alpha affects the day-to-day life of all financial professionals.

The Philosophy of Science: N-Z, Index

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Author: Sahotra Sarkar,Jessica Pfeifer

Publisher: Taylor & Francis

ISBN: 9780415977104

Category: Science

Page: 965

View: 4820

The first in-depth reference to the field that combines scientific knowledge with philosophical inquiry, this encyclopedia brings together a team of leading scholars to provide nearly 150 entries on the essential concepts in the philosophy of science. The areas covered include biology, chemistry, epistemology and metaphysics, physics, psychology and mind, the social sciences, and key figures in the combined studies of science and philosophy. (Midwest).

Dynamic Models of Oligopoly

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Author: Drew Fudenberg,Jean Tirole

Publisher: Harwood Academic Pub

ISBN: N.A

Category: Business & Economics

Page: 83

View: 9383