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New Directions in Computational Economics : Advances in Computational Economics - William W. Cooper

New Directions in Computational Economics

Advances in Computational Economics

By: William W. Cooper (Editor), Andrew B. Whinston (Editor)

Hardcover Published: 31st July 1994
ISBN: 9780792325390
Number Of Pages: 230

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New Directions in Computational Economics brings together for the first time a diverse selection of papers, sharing the underlying theme of application of computing technology as a tool for achieving solutions to realistic problems in computational economics and related areas in the environmental, ecological and energy fields.
Part I of the volume addresses experimental and computational issues in auction mechanisms, including a survey of recent results for sealed bid auctions. The second contribution uses neural networks as the basis for estimating bid functions for first price sealed bid auctions. Also presented is the `smart market' computational mechanism which better matches bids and offers for natural gas.
Part II consists of papers that formulate and solve models of economics systems. Amman and Kendrick's paper deals with control models and the computational difficulties that result from nonconvexities. Using goal programming, Nagurney, Thore and Pan formulate spatial resource allocation models to analyze various policy issues. Thompson and Thrall next present a rigorous mathematical analysis of the relationship between efficiency and profitability. The problem of matching uncertain streams of assets and liabilities is solved using stochastic optimization techniques in the following paper in this section.
Finally, Part III applies economic concepts to issues in computer science in addition to using computational techniques to solve economic models.

List of Contributors
Sealed Bid Auctions and Economic Market Gamesp. 3
The Use of Artificial Neural Networks for Estimation of Decision Surfaces in First Price Sealed Bid Auctionsp. 19
Designing a Real Time Computer Assisted Auction for Natural Gas Networksp. 41
Nonconvexities in Stochastic Control Models: An Analysisp. 57
The Modeling and Computation of Generalized Goal Programming Problemsp. 95
Polyhedral Assurance Regions with Linked Constraintsp. 121
Integrating Assets and Liabilities for Large Financial Organizationsp. 135
Economic Decision Theory as a Paradigm for the Construction and Evaluation of Algorithms and Information Systemsp. 153
A General Economic Equilibrium Model of Distributed Computingp. 175
International Trade, Capital Flows and Sectoral Analysis: Formulation and Solution of Intertemporal Equilibrium Modelsp. 191
Stochastic Control of Nonlinear Economic Modelsp. 207
Indexp. 227
Table of Contents provided by Blackwell. All Rights Reserved.

ISBN: 9780792325390
ISBN-10: 0792325397
Series: Advances in Computational Economics
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 230
Published: 31st July 1994
Publisher: Springer
Country of Publication: NL
Dimensions (cm): 23.5 x 15.5  x 1.5
Weight (kg): 1.16

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