Economic system dynamics.
McCauley, Joseph L., Küffner, Cornelia M. (2004)
Discrete Dynamics in Nature and Society
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Displaying similar documents to “Strategic Trade Between Two Countries - Exploring the Case of Partial Local Consumer Protection”
Economic system dynamics.
Inefficient equilibria in transition economy.
Guriev, Sergei, Pospelov, Igor (1999)
Discrete Dynamics in Nature and Society
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A discrete monetary economic growth model with the MIU approach.
Zhang, Wei-Bin (2008)
Discrete Dynamics in Nature and Society
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Dynamic model of market with uninformed market maker
Martin Šmíd, Miloš Kopa (2017)
Kybernetika
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We model a market with multiple liquidity takers and a single market maker maximizing his discounted consumption while keeping a prescribed probability of bankruptcy. We show that, given this setting, spread and price bias (a difference between the midpoint- and the expected fair price) depend solely on the MM's inventory and his uncertainty concerning the fair price. Tested on ten-second data from ten US electronic markets, our model gives significant results with the price bias decreasing...
A simple nonlinear dynamic model for unemployment: Explaining the spanish case.
Faria, João Ricardo, León-Ledesma, Miguel A. (2008)
Discrete Dynamics in Nature and Society
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Generation of predictive price and trading volume patterns in a model of dynamically evolving free market supply and demand.
Wang, J.K. (2001)
Discrete Dynamics in Nature and Society
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On the mathematical aspects of an urban retail model
Ton Vorst (1990)
Banach Center Publications
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Pricing forward-start options in the HJM framework; evidence from the Polish market
P. Sztuba, A. Weron (2001)
Applicationes Mathematicae
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We show how to use the Gaussian HJM model to price modified forward-start options. Using data from the Polish market we calibrate the model and price this exotic option on the term structure. The specific problems of Central Eastern European emerging markets do not permit the use of the popular lognormal models of forward LIBOR or swap rates. We show how to overcome this difficulty.
A discrete economic growth model with endogenous labor.
Zhang, Wei-Bin (2005)
Discrete Dynamics in Nature and Society
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Volatility model risk measurement and against worst case volatilities
Risklab project in model risk (2000)
Journal de la société française de statistique
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Combining System Dynamic Modeling and the Datar–Mathews Method for Analyzing Metal Mine Investments
Jyrki Savolainen, Mikael Collan, Pasi Luukka (2016)
Acta Universitatis Palackianae Olomucensis. Facultas Rerum Naturalium. Mathematica
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This paper presents how a dynamic system model can be used together with the Datar–Mathews real option analysis method for investment analysis of metal mining projects. The focus of the paper is on analyzing a project from the point of view of the project owner. The paper extends the Datar–Mathews real option analysis method by combining it with a dynamic system model. The model employs a dynamic discount rate that changes as the debt-level of the project changes. A numerical case illustration...
Single-product dynamic model of replacing production capacities.
Beklaryan, L. A., Borisova, S. V. (2002)
Vladikavkazskiĭ Matematicheskiĭ Zhurnal
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A discrete two-sector economic growth model.
Zhang, Wei-Bin (2007)
Discrete Dynamics in Nature and Society
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An equilibrium model for electricity auctions
Juri Hinz (2003)
Applicationes Mathematicae
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This work discusses the process of price formation for electrical energy within an auction-like trading environment. Calculating optimal bid strategies of power producers by equilibrium arguments, we obtain the corresponding electricity price and estimate its tail behavior.