Search Results - subject:"Simulation."

The quasi-likelihood estimation in regression

Wu, Jong-Wuu - In: Annals of the Institute of Statistical Mathematics 48 (1996) 2, pp. 283-294

Persistent link: https://www.econbiz.de/10005616245

STOCHASTIC VOLATILITY: LIKELIHOOD INFERENCE AND COMPARISON WITH ARCH MODELS

Kim, Sangjoon; Shephard, Neil; Chib, Siddhartha - EconWPA - 1996

. This approach is compared with several alternative methods using real data. The paper also develops simulation- based …

Persistent link: https://www.econbiz.de/10005556396

Numerical Distribution Functions of Likelihood Ratio Tests for Cointegration

MacKinnon, James G.; Haug, Alfred A.; Michelis, Leo - Department of Economics, York University - 1996

This paper employs response surface regressions based on simulation experments to calculate asymptotic distribution …

Persistent link: https://www.econbiz.de/10005558018

Returns to Specialization, Transaction Costs, and the Dynamics of Industry Evolution

Arora, Ashish; Bokhari, Farasat - EconWPA - 1996

When more than one component or activity is needed to produce the final product, a firm may use proprietary standards or adopt a common standard to integrate these components. We call these closed and open firms respectively, and develop a model of industry evolution to study the process by...

Persistent link: https://www.econbiz.de/10005561444

OPTIMIZING COMPLEX BIOECONOMIC SIMULATIONS USING AN EFFICIENT SEARCH HEURISTIC

Richard F. KAZMIERCZAK, Jr. - 1996

For simulation to be truly useful for investigating many problems in agricultural economics, non …-simplifying optimization techniques need to be employed. General methods for simulation optimization that do not inhibit system … economists. This paper describes the theory and algorithm of a robust and efficient simulation optimization approach, the Complex …

Persistent link: https://www.econbiz.de/10005790632

A Note on Simulation and Dynamical Hierarchies

Rasmussen, Steen; Baas, Nils A.; Barrett, Christopher L.; … - Santa Fe Institute - 1996

This paper summarizes some of the problems associated with the generation of higher order emergent structures in formal dynamical systems as well as some of the formal properties of dynamical systems capable of generating higher order structures.

Persistent link: https://www.econbiz.de/10005790634

Active Nonlinear Tests (ANTs) of Complex Simulation Models

Miller, John H. - Department of Social and Decision Sciences, Carnegie … - 1996

Simulation models are becoming increasingly common in the analysis of critical scientific, policy, and management … can easily probe for key weaknesses in a simulation's structure, and thereby begin to improve and refine the model …

Persistent link: https://www.econbiz.de/10005793583

WORLD SUGAR POLICY SIMULATION MODEL: DESCRIPTION AND COMPUTER PROGRAM DOCUMENTATION

BENIRSCHKA, Martin; KOO, Won W.; LOU, Jianqiang - 1996

The World Sugar Policy Simulation Model is a dynamic, partial equilibrium, net trade model. It distinguishes 18 …

Persistent link: https://www.econbiz.de/10005793813

Macroeconomic and sectoral effects of energy taxation in Austria

Koeppl, Angela; Kratena, Kurt; Pichl, Claudia; … - In: Environmental & Resource Economics 8 (1996) 4, pp. 417-430

This paper analyses the effects of energy taxation on the Austrian economy. Simulations are carried out with a linked input-output macromodel. The macroeconomic effects of an energy tax on economic growth, employment, the rate of inflation (change in the consumer price index), the budget deficit...

Persistent link: https://www.econbiz.de/10005722000

The Nelson and Winter Models RevisitedPrototypes for Computer-Based Reconstruction of Schumpeterian Competition

Andersen, Esben Sloth; Jensen, Anne K.; Madsen, Lars; … - DRUID, Copenhagen Business School, Department of … - 1996

process of the industry. Although the simulation models of Nelson and Winter have played a central role the ‘take-off’ of … simulation models – especially NELWIN78 based on ch. 13 of the 1982-book and NELWIN77 based on ch. 12. The report furthermore … overwhelming number of data resulting from simulation runs. …

Persistent link: https://www.econbiz.de/10005273126