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Managerial economics
About: Managerial economics is a research topic. Over the lifetime, 1524 publications have been published within this topic receiving 83965 citations.
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01 Jan 2016
TL;DR: For example, statistics a guide to business and economics as discussed by the authors is available in our book collection and an online access to it is set as public so that anyone can download it instantly.
Abstract: Thank you for reading statistics a guide to business and economics. Maybe you have knowledge that, people have look numerous times for their favorite novels like this statistics a guide to business and economics, but end up in harmful downloads. Rather than reading a good book with a cup of coffee in the afternoon, instead they cope with some infectious bugs inside their desktop computer. statistics a guide to business and economics is available in our book collection an online access to it is set as public so you can download it instantly. Our books collection spans in multiple countries, allowing you to get the most less latency time to download any of our books like this one. Kindly say, the statistics a guide to business and economics is universally compatible with any devices to read.
TL;DR: In this paper, the authors raise some of these basic questions and reflect on major misleading assumptions research in ecological economics unwittingly relies on, and give an outlook as to the aspects on which research in this field should now primarily concentrate.
Abstract: Ecological economics claims to integrate natural sciences and economics. This is not merely an interdisciplinary task. It is an approach without analogy in the history of science. Therefore, any research strategy following standard approaches and arguments runs the risk of failure. Simple straightforward analysis and empirical work without a reassessment of the underlying paradigms seem to be inadequate.At this stage priority should be given to methodological questions and to a critical look at prevailing assumptions and approaches. This is the precondition for avoiding premature conclusions about the outstanding problem. What is the subject of ecology? What is the primary concern of economics? How can the interface between ecology and economics be described? Is there a relationship between the two different sciences which constitutes a new research field?The following pages raise some of these basic questions and reflect on major misleading assumptions research in ecological economics unwittingly relies on. An outlook is given as to the aspects on which research in this field should now primarily concentrate. It has to be stressed here that this publication addresses first of all natural scientists and politicians, though economists, too, might find some new aspects apart from traditional economic reasoning.
01 Jan 1997
TL;DR: In this article, the authors focus on computational aspects of game strategies and mechanism design and argue that the model of bounded rational agents is more suitable for analyzing many economic situations than that of rational agents assumed in ordinary economics.
Abstract: In this article, we focus on computational aspects of game strategies and mechanism design Some games or mechanisms arise the problems with computational difficulties We argue some complexity measure of game strategy to model agents whose rationality are bounded We think that the model of bounded rational agent is more suitable for analyzing many economic situations than that of rational agents assumed in ordinary economics In fact, we can show that bounded rational agents can achieve Nash equilibrium in optimal auction mechanism But human behaviors in real life have some mysterious aspects Experiments with human-subjects showed that players could have some different expectations or actions in the game that could not be obserbed in Nash equilbrium analysis Constructing more reasonable behavioral model of bounded rationality remains in future researches
TL;DR: For example, this article argued that standard economics is what got us into this mess in the first place, by treating the natural world as an open system which can be extracted from and dumped into without limit and without consequences and assuming that people are interested only in maximising the goods and services they consume.
Abstract: Ecological economics and economic psychology both represent non‐standard approaches to the study of economic events. From the point of view of ecological economics, standard economics is what got us into this mess in the first place, by (a) treating the natural world as an open system, which can be extracted from and dumped into without limit and without consequences and (b) assuming that people are interested only in maximising the goods and services they consume. Ecological economics, in contrast, recognises that the economic system is embedded into the planetary ecosystem, and therefore asks hard questions about the external consequences of economic activity, and what people actually want them to be. This creates natural common ground with psychologists looking at economic behaviour, who also see the economic system as part of a wider system, in which individual constraints and multiple motivations play a crucial role. Much of the common ground between these two approaches has to do with a recognition ...
TL;DR: The Managerial Economics of Civil Litigation: Levy Levy, F. K. as discussed by the authors developed a model to determine the optimal expenditures and maximal budgets for a plaintiff and a defendant in a civil suit and used a learning process to relate each litigant's probability of success to his level of expenditure.
Abstract: In his paper, "The Managerial Economics of Civil Litigation," Levy Levy, F. K. 1985. The managerial economics of civil litigation. Management Sci.31 March 323-342. develops a model to determine the optimal expenditures and maximal budgets for a plaintiff and a defendant in a civil suit. He uses a learning process to relate each litigant's probability of success to his level of expenditure. The specific learning process used is a difference equation where the rate of enhancement of probability is a constant fraction of the maximum possible gain. Levy's analysis would have been simpler if he had formulated that learning process as a differential equation.