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Methodology Does Matter: About Implicit Assumptions in Applied Formal Modelling. The case of Dynamic Stochastic General Equilibrium Models vs Agent-Based Models

Gräbner, Claudius - Volkswirtschaftliche Fakultät, … - 2015

This article uses the functional decomposition approach to modeling Mäki (2009b) to discuss the importance of methodological considerations before choosing a modeling framework in applied research. It considers the case of agent-based models and dynamic stochastic general equilibrium models to...

Persistent link: https://www.econbiz.de/10011206891

CONVERGENCE OF REPETITIVE GUESSTIMATION ALGORITHM ON A LINEAR REGRESSION PROBLEM

Agapie, Adriana - In: Journal for Economic Forecasting (2001) 2, pp. 118-126

Repetitive Stochastic Guesstimation (RSG) is a probabilistic algorithm introduced in Charemza (1996) which mimics the usual guessing of the parameters involved in a complex large macroeconomic model. The paper analyzes the objective function employed by RSG and it establishes sufficient...

Persistent link: https://www.econbiz.de/10005612235

L'étrange victoire: Leontief et la transformation de la science économique: de la planification sans théorie à la mesure sans théorie 1920-1949

Akhabbar, Amanar - Volkswirtschaftliche Fakultät, … - 2010

Depuis les années 1990, l’histoire de la pensée économique s’intéresse aux « marges » de la discipline et notamment aux pratiques économiques, à la profession d’économiste ainsi qu’à l’économie appliquée et à l’économie empirique. Elle n’est plus cantonnée à une...

Persistent link: https://www.econbiz.de/10008805466

Investment decisions, NPV and bounded rationality

Magni, Carlo Alberto - MASTER CONSULTORES - 2010

The Net Present Value maximizing model has a respectable ancestry and is considered by most scholars a theoretically sound decision model. In real-life applications, decision makers use the NPV rule, but apply a subjectively determined hurdle rate, as opposed to the allegedly correct opportunity...

Persistent link: https://www.econbiz.de/10010763079

The World is Flat: Modeling Educators’ Misconduct with Cellular Automata

Osipian, Ararat - Volkswirtschaftliche Fakultät, … - 2008

horizontal ties with the help of cellular automata. This paper offers a theoretical framework and a methodology based on cellular … presented methodology is based on cellular automata. In the essence of cellular automata are different programming …. Applicability of the offered methodology and its value is in modeling, simulation, and control. …

Persistent link: https://www.econbiz.de/10005836218

Economics and climate applications: exploring the frontier.

Rubas, Debra J.; Hill, Harvey S.J.; Mjelde, James W. - 2006

information, nor are differences between the methods clearly definable. Examples of previous studies using each methodology are …

Persistent link: https://www.econbiz.de/10009429468

Estimating the quadratic mean diameter of fine woody debris for forest type groups of the United States.

Woodall, Christopher W.; Monleon, Vicente J. - 2009

The Forest Inventory and Analysis program of the Forest Service, U.S. Department of Agriculture conducts a national inventory of fine woody debris (FWD); however, the sampling protocols involve tallying only the number of FWD pieces by size class that intersect a sampling transect with no...

Persistent link: https://www.econbiz.de/10009429473

An alternative method to produce prices received estimates.

Donaldson, W.W.; Klugh, B.F. Jr. - 1988

The United States Department of Agriculture has issued statistics on prices received by farmers since 1866. Beginning in 1924, prices received were collected as of the middle of the month instead of the first of the month. In this research analysis both univariate and transfer function...

Persistent link: https://www.econbiz.de/10009429494

Off-farm labour and the structure of US agriculture: the case of corn/soybean farms.

Nehring, Richard; Banker, David - 2005

While the growing importance of off-farm earnings suggests large benefits accrue to farmers from efforts to expand off-farm income opportunities, economic well being also depends on greater efficiency. To comprehensively gauge the economic health of farm operator households' off-farm income is...

Persistent link: https://www.econbiz.de/10009429509

Implementing the measurement interval midpoint method for change estimation.

Westfall, James A.; Frieswyk, Thomas; Griffith, Douglas M. - 2009

change is unaffected by the new methodology. …

Persistent link: https://www.econbiz.de/10009429527