Showing papers on "Managerial economics published in 1983"
TL;DR: In this article, W.A. Brock presents results from Probability Results from Stochastic Calculus (Probability) in the context of finance applications in economics and economics.
Abstract: Foreword (W.A. Brock). Results from Probability. Stochastic Calculus. Applications in Economics. Applications in Finance. Selected Bibliography.
29 citations
01 Mar 1983
TL;DR: Results showed that managers who received conflicting analyses produced solutions with higher expected profits than those who received single analyses.
17 citations
TL;DR: In this paper, the basic core of the Marxian economic theory is reconstructed and a structuralist reconstruction of Marx's economics is presented. But the analysis of game theory and decision theory is different.
Abstract: 1.- Neoclassical Theory Structure and Theory Development: The Ohlin Samuelson Programme in the Theory of International Trade.- Empirical Claims in Exchange Economics.- Ramsey-Elimination of Utility in Utility Maximizing Regression Approaches.- Structure and Problems of Equilibrium and Disequilibrium Theory.- A General Net Structure for Theoretical Economics.- General Equilibrium Theory - An Empirical Theory?.- 2.- The Basic Core of the Marxian Economic Theory.- A Structuralist Reconstruction of Marx's Economics.- x2018 Value': A Problem for the Philosopher of Science.- The Economics of Property Rights - A New Paradigm in Social Science?.- 3.- Subjunctive Conditionals in Decision and Game Theory.- The Logical Structure of Bayesian Decision Theory.- Computational Costs and Bounded Rationality.- How to Make Sense of Game Theory.- On the Economics of Organization.- How to Reconcile Individual Rights with Collective Action.- List of Contributors and Participants.
5 citations
Book•
01 Jan 1983
4 citations
01 Jan 1983
TL;DR: Two problems involved in planning and managing research and development projects are formulated and solved and serve as vehicles for the introduction of some important ideas of dynamic programming and of discounting and present value of cash flows.
Abstract: Problems involved in planning and managing research and development projects have been studied by a number of investigators. The probabilistic models they have constructed are generally considered a part of operations research or managerial economics. We formulate and solve two such problems here. In addition to illustrating the use of ideas and techniques from probability theory, they also serve as vehicles for the introduction of some important ideas of dynamic programming (Problem 1) and of discounting and present value of cash flows (Problem 2).